Short Term Price Target on Boeing Company (The) (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.

The Boeing Company has dropped 2.76% in the last five trading days, however, the shares have posted positive gains of 2.74% in the last 4 weeks. The Boeing Company is up 3.13% in the last 3-month period. Year-to-Date the stock performance stands at -8.61%. Also, Morgan Stanley initiates coverage on Boeing Company (The) (NYSE:BA). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Morgan Stanley announces a current price target of $153 per share. The rating by the firm was issued on June 23, 2016.

Boeing Company (The) (NYSE:BA) : 16 analysts are covering Boeing Company (The) (NYSE:BA) and their average rating on the stock is 2.19, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Boeing Company (The) (NYSE:BA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.08 and $127.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $129.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $129.87, notching a gain of 2.27% for the day. The total traded volume was 4,110,845 . The stock had closed at $126.99 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Downey Thomas J, officer (SVP, Communications) of Boeing Co, had unloaded 6,047 shares at an average price of $134 in a transaction dated on May 17, 2016. The total value of the transaction was worth $810,298.

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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