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

Boeing (NYSE:BA) had its price target trimmed by Susquehanna Bancshares from $240.00 to $210.00 in a report released on Thursday, The Fly reports.

A number of other brokerages have also issued reports on BA. Berenberg Bank set a $150.00 target price on shares of Boeing and gave the company a sell rating in a research note on Thursday, June 25th. Jefferies Financial Group upped their price objective on Boeing from $185.00 to $270.00 and gave the company a buy rating in a research note on Wednesday, June 10th. TheStreet downgraded Boeing from a c- rating to a d rating in a report on Wednesday, April 29th. Goldman Sachs Group reiterated a buy rating and issued a $225.00 price target on shares of Boeing in a report on Thursday. Finally, JPMorgan Chase & Co. reissued a neutral rating and set a $158.00 price target (up from $130.00) on shares of Boeing in a research report on Friday, May 1st. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $217.38.

Shares of BA opened at $158.00 on Thursday. The firm has a market cap of $89.18 billion, a price-to-earnings ratio of -31.29 and a beta of 1.47. The business’s 50 day moving average is $180.12 and its two-hundred day moving average is $204.01. Boeing has a 52-week low of $89.00 and a 52-week high of $391.00.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 29th. The aircraft producer reported ($4.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.93) by ($1.86). The company had revenue of $11.81 billion during the quarter, compared to the consensus estimate of $12.95 billion. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.27%. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter last year, the firm posted ($5.82) EPS. On average, analysts anticipate that Boeing will post -6.26 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in BA. Sunbelt Securities Inc. grew its position in Boeing by 6.1% in the 4th quarter. Sunbelt Securities Inc. now owns 10,207 shares of the aircraft producer’s stock valued at $3,325,000 after buying an additional 590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Boeing by 13.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 836 shares of the aircraft producer’s stock valued at $272,000 after acquiring an additional 100 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Boeing by 515.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 18,545 shares of the aircraft producer’s stock worth $6,055,000 after purchasing an additional 15,534 shares in the last quarter. Orrstown Financial Services Inc. lifted its position in Boeing by 10.3% in the first quarter. Orrstown Financial Services Inc. now owns 1,674 shares of the aircraft producer’s stock worth $250,000 after purchasing an additional 157 shares during the period. Finally, Stillwater Investment Management LLC boosted its stake in Boeing by 3.9% during the 1st quarter. Stillwater Investment Management LLC now owns 2,228 shares of the aircraft producer’s stock valued at $332,000 after purchasing an additional 83 shares in the last quarter. 61.66% of the stock is owned by institutional investors.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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