Boeing (NYSE:BA) PT Lowered to $210.00 at Susquehanna

Boeing (NYSE:BA) had its price objective trimmed by Susquehanna from $230.00 to $210.00 in a research report released on Thursday, Benzinga reports. The firm currently has a positive rating on the aircraft producer’s stock.

Several other equities analysts also recently commented on BA. Citigroup dropped their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein dropped their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $198.79.

Boeing Stock Down 0.2 %

Shares of BA stock opened at $155.00 on Thursday. Boeing has a twelve month low of $146.02 and a twelve month high of $267.54. The company has a market cap of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57. The business has a fifty day simple moving average of $161.10 and a 200 day simple moving average of $172.44.

Boeing (NYSE:BA) last posted 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 revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.82) EPS. As a group, equities research analysts anticipate that Boeing will post -5.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Several large investors have recently added to or reduced their stakes in BA. Global Assets Advisory LLC acquired a new stake in Boeing during the first quarter worth approximately $272,312,000. Vanguard Group Inc. grew its stake in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after acquiring an additional 1,222,816 shares during the period. Van ECK Associates Corp grew its stake in Boeing by 9,626.0% in the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock valued at $186,759,000 after acquiring an additional 1,015,542 shares during the period. Wulff Hansen & CO. grew its stake in Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after acquiring an additional 960,993 shares during the period. Finally, Jennison Associates LLC grew its stake in Boeing by 14.1% in the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after acquiring an additional 518,952 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.