Morgan Stanley Trims Boeing (NYSE:BA) Target Price to $170.00

Boeing (NYSE:BA) had its price target cut by Morgan Stanley from $195.00 to $170.00 in a research note published on Friday morning, Benzinga reports. They currently have an equal weight rating on the aircraft producer’s stock.

Other equities analysts also recently issued research reports about the company. Susquehanna cut their price objective on Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Thursday. 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 report on Tuesday, September 24th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company decreased their target price on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.79.

Boeing Trading Down 0.2 %

Shares of Boeing stock opened at $155.00 on Friday. The stock has a 50-day moving average price of $161.10 and a 200 day moving average price of $172.44. The company has a market cap of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57. Boeing has a 1 year low of $146.02 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.82) earnings per share. On average, equities analysts forecast that Boeing will post -5.35 earnings per share for the current fiscal year.

Institutional Trading of Boeing

A number of large investors have recently made changes to their positions in BA. Hobbs Group Advisors LLC purchased a new stake in Boeing in the 2nd quarter valued at about $34,000. McClarren Financial Advisors Inc. increased its stake in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares in the last quarter. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter worth $33,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing during the second quarter valued at $39,000. 64.82% of the stock is currently owned by 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.