Boeing (BA) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Boeing (NYSE: BA):

• 10/3/2024 – Boeing had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $225.00 to $195.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Boeing had its price target lowered by analysts at Wells Fargo & Company from $119.00 to $110.00. They now have an “underweight” rating on the stock.
• 10/1/2024 – Boeing had its price target lowered by analysts at TD Cowen from $230.00 to $200.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Boeing had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $232.00 to $202.00. They now have a “buy” rating on the stock.
• 9/23/2024 – Boeing had its price target lowered by analysts at Jefferies Financial Group Inc. from $270.00 to $240.00. They now have a “buy” rating on the stock.
• 9/3/2024 – Boeing had its “underweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $119.00 price target on the stock, down previously from $185.00.
• 8/14/2024 – Boeing had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $230.00 price target on the stock.
• 8/5/2024 – Boeing had its price target lowered by analysts at Sanford C. Bernstein from $222.00 to $207.00. They now have an “outperform” rating on the stock.

Boeing Price Performance

BA stock traded down $1.93 during midday trading on Thursday, reaching $150.96. The company had a trading volume of 3,865,362 shares, compared to its average volume of 8,020,474. The company has a market capitalization of $92.67 billion, a price-to-earnings ratio of -42.52 and a beta of 1.57. The stock has a 50 day moving average price of $166.80 and a 200-day moving average price of $175.54. The Boeing Company has a 1-year low of $149.49 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm posted ($0.82) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current year.

Institutional Trading of Boeing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Czech National Bank grew its position in shares of Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares during the period. SS&H Financial Advisors Inc. grew its position in shares of Boeing by 7.3% during the 2nd quarter. SS&H Financial Advisors Inc. now owns 7,720 shares of the aircraft producer’s stock worth $1,405,000 after buying an additional 525 shares during the period. Heritage Wealth Management Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $483,000. Lazari Capital Management Inc. grew its position in shares of Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $21,405,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.