TD Cowen Lowers Boeing (NYSE:BA) Price Target to $200.00

Boeing (NYSE:BA) had its target price reduced by research analysts at TD Cowen from $230.00 to $200.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. TD Cowen’s price target indicates a potential upside of 31.91% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. UBS Group lowered their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Boeing Stock Down 0.3 %

Shares of Boeing stock traded down $0.42 during trading on Tuesday, hitting $151.62. 2,098,897 shares of the company were exchanged, compared to its average volume of 8,006,340. The firm has a 50 day moving average price of $167.99 and a 200 day moving average price of $175.90. The stock has a market capitalization of $93.08 billion, a price-to-earnings ratio of -42.71 and a beta of 1.57. Boeing has a fifty-two week low of $149.49 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.82) EPS. Analysts predict that Boeing will post -4.27 earnings per share for the current year.

Institutional Trading of Boeing

Several large investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in shares of Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after purchasing an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC raised its stake in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Boeing by 4.3% during the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after acquiring an additional 60 shares during the period. Bridge Creek Capital Management LLC boosted its position in shares of Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its stake in Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Company Profile

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.