Analysts Set The Boeing Company (NYSE:BA) PT at $191.79

Shares of The Boeing Company (NYSE:BA) have been given an average recommendation of “Moderate Buy” by the twenty-five ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $191.79.

Several research analysts have recently issued reports on the company. 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 research note on Monday, September 23rd. Susquehanna cut their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group cut their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. DZ Bank downgraded 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. Finally, Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th.

Boeing Price Performance

NYSE:BA opened at $152.97 on Friday. The firm’s fifty day moving average price is $158.72 and its 200 day moving average price is $171.36. Boeing has a 1-year low of $146.02 and a 1-year high of $267.54. The firm has a market cap of $93.91 billion, a price-to-earnings ratio of -43.09 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.26) EPS. As a group, analysts expect that Boeing will post -5.35 earnings per share for the current fiscal year.

Institutional Trading of Boeing

Institutional investors have recently modified their holdings of the company. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC purchased a new position in Boeing in the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. boosted its holdings in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing in the 2nd quarter worth approximately $39,000. Hedge funds and other 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.