Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Boeing (NYSE:BA)

Boeing (NYSE:BA)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Tuesday, Benzinga reports. They presently have a $225.00 price objective on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 26.03% from the company’s previous close.

A number of other research analysts have also recently commented on BA. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Barclays dropped their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada dropped their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Up 2.0 %

Shares of BA stock opened at $178.53 on Tuesday. The stock has a market cap of $109.60 billion, a P/E ratio of -50.29 and a beta of 1.55. The stock has a 50 day simple moving average of $177.84 and a 200 day simple moving average of $199.49. Boeing has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Analysts forecast that Boeing will post -1.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BA. Strategic Blueprint LLC grew its position in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC grew its position in shares of Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC bought a new stake in shares of Boeing during the 4th quarter worth $205,000. Finally, J.W. Cole Advisors Inc. increased its stake in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after acquiring an additional 1,596 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.