The Boeing Company (NYSE:BA) Receives $190.37 Consensus Target Price from Brokerages

Shares of The Boeing Company (NYSE:BA) have been given an average rating of “Moderate Buy” by the twenty-five analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $190.37.

A number of equities analysts have recently commented on the company. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, UBS Group lowered their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th.

Institutional Trading of Boeing

Large investors have recently modified their holdings of the stock. UniSuper Management Pty Ltd grew its holdings in shares of Boeing by 180.5% in the first quarter. UniSuper Management Pty Ltd now owns 12,542 shares of the aircraft producer’s stock valued at $2,420,000 after acquiring an additional 8,070 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Boeing in the first quarter valued at about $228,000. Pitcairn Co. raised its position in Boeing by 25.1% during the 1st quarter. Pitcairn Co. now owns 2,645 shares of the aircraft producer’s stock valued at $510,000 after purchasing an additional 530 shares during the last quarter. InterOcean Capital Group LLC lifted its holdings in Boeing by 2.5% in the 1st quarter. InterOcean Capital Group LLC now owns 5,511 shares of the aircraft producer’s stock worth $1,064,000 after buying an additional 132 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Boeing in the 1st quarter worth approximately $237,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.5 %

BA stock opened at $143.83 on Tuesday. The company has a market cap of $88.92 billion, a PE ratio of -11.15 and a beta of 1.57. Boeing has a 52 week low of $137.03 and a 52 week high of $267.54. The business has a 50-day simple moving average of $151.85 and a 200 day simple moving average of $168.62.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned ($3.26) EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts anticipate that Boeing will post -16.2 EPS for the current fiscal year.

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.