Price Target Update on Boeing Company (The) (NYSE:BA)

Boeing Company (The) (NYSE:BA) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $196 and the lowest price target forecast is $98. The average forecast of all the analysts is $146 and the expected standard deviation is $30.06.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Boeing Company (The) (NYSE:BA). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $155 per share from a prior target of $140. The rating by the firm was issued on April 28, 2016.

Boeing Company (The) (NYSE:BA): stock turned positive on Thursday. Though the stock opened at $133.91, the bulls momentum made the stock top out at $134.55 level for the day. The stock recorded a low of $132.73 and closed the trading day at $133.55, in the green by 1.35%. The total traded volume for the day was 4,113,903. The stock had closed at $131.77 in the previous days trading.

The company shares have dropped -7.50% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $150.59 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $130.63 and the 200 Day Moving Average price is recorded at $129.60. On the companys insider trading activities,The officer (SVP, Communications) of Boeing Co, Downey Thomas J sold 6,047 shares at $134 on May 17, 2016. The Insider selling transaction had a total value worth of $810,298. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

The Boeing Company, together with its subsidiaries, is an aerospace company. The Company operates through five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense, Space & Security (BDS) business includes BMA, N&SS and GS&S. The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research, development, production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segments portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.

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