The Boeing Company (NYSE:BA) Receives $190.11 Consensus Target Price from Brokerages

The Boeing Company (NYSE:BA) has earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $190.11.

A number of brokerages have recently weighed in on BA. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Susquehanna lowered their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th.

Boeing Trading Up 2.1 %

NYSE BA opened at $173.23 on Friday. Boeing has a 1 year low of $137.03 and a 1 year high of $267.54. The company has a market cap of $107.09 billion, a PE ratio of -13.43 and a beta of 1.56. The stock’s 50-day moving average price is $153.14 and its two-hundred day moving average price is $166.02.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the company earned ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts forecast that Boeing will post -16.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter valued at approximately $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter worth about $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of 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 purchasing an additional 165 shares during the period. Institutional investors own 64.82% of the company’s stock.

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.