Boeing (NYSE:BA) Price Target Cut to $200.00

Boeing (NYSE:BA) had its target price lowered by equities researchers at Susquehanna from $210.00 to $200.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “positive” rating on the aircraft producer’s stock. Susquehanna’s target price suggests a potential upside of 29.06% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday. TD Cowen decreased their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced 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. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.79.

Boeing Trading Down 0.1 %

NYSE:BA opened at $154.97 on Thursday. Boeing has a 1 year low of $146.02 and a 1 year high of $267.54. The stock has a market cap of $95.13 billion, a price-to-earnings ratio of -43.93 and a beta of 1.57. The stock has a 50-day moving average price of $160.18 and a two-hundred day moving average price of $171.89.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the firm posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that Boeing will post -5.35 earnings per share for the current year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the business. Financial Advocates Investment Management raised its stake in Boeing by 4.1% in the third quarter. Financial Advocates Investment Management now owns 30,067 shares of the aircraft producer’s stock valued at $4,571,000 after buying an additional 1,184 shares during the period. Solidarity Wealth LLC raised its stake in Boeing by 20.0% in the third quarter. Solidarity Wealth LLC now owns 1,530 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 255 shares during the period. Cornerstone Wealth Group LLC bought a new stake in Boeing in the third quarter valued at approximately $200,000. Tandem Capital Management Corp ADV raised its stake in Boeing by 7.7% in the third quarter. Tandem Capital Management Corp ADV now owns 8,364 shares of the aircraft producer’s stock valued at $1,272,000 after buying an additional 595 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in shares of Boeing by 84.6% during the third quarter. JFS Wealth Advisors LLC now owns 3,920 shares of the aircraft producer’s stock worth $596,000 after purchasing an additional 1,797 shares during the period. Institutional investors 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.