The Boeing Company (NYSE:BA – Get Free Report)’s share price dropped 0% during mid-day trading on Thursday after Susquehanna lowered their price target on the stock from $230.00 to $210.00. Susquehanna currently has a positive rating on the stock. Boeing traded as low as $154.25 and last traded at $154.89. Approximately 1,760,615 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 8,047,674 shares. The stock had previously closed at $154.90.
Other research analysts have also issued reports about the stock. Wells Fargo & Company decreased their price target on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research note on Monday. The Goldman Sachs Group reduced their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Jefferies Financial Group reduced their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $199.32.
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Boeing Price Performance
The stock has a market cap of $95.34 billion, a P/E ratio of -43.75 and a beta of 1.57. The firm’s 50-day moving average price is $161.36 and its 200-day moving average price is $172.88.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the company earned ($0.82) EPS. The business’s revenue was down 14.6% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -5.35 earnings per share for the current year.
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.
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