Boeing (NYSE:BA) PT Raised to $194.00

Boeing (NYSE:BA) had its target price upped by Royal Bank of Canada from $164.00 to $194.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. Royal Bank of Canada currently has an outperform rating on the aircraft producer’s stock.

A number of other equities analysts have also recently commented on BA. Seaport Global Securities assumed coverage on Boeing in a research note on Monday, June 8th. They issued a buy rating and a $277.00 price target on the stock. Cowen reiterated a hold rating on shares of Boeing in a report on Sunday, June 7th. Sanford C. Bernstein lowered shares of Boeing from an outperform rating to a market perform rating and set a $165.00 price target on the stock. in a report on Friday, June 26th. Barclays reaffirmed a neutral rating and set a $125.00 price objective on shares of Boeing in a research note on Friday, May 1st. Finally, Credit Suisse Group reaffirmed a neutral rating and set a $156.00 price target on shares of Boeing in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $217.38.

Shares of Boeing stock opened at $158.00 on Thursday. Boeing has a 52-week low of $89.00 and a 52-week high of $391.00. The company has a fifty day moving average of $180.12 and a 200-day moving average of $204.01. The stock has a market capitalization of $89.18 billion, a price-to-earnings ratio of -31.29 and a beta of 1.47.

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

Several institutional investors have recently bought and sold shares of BA. Elmwood Wealth Management Inc. purchased a new position in Boeing during the first quarter valued at $31,000. NuWave Investment Management LLC purchased a new position in shares of Boeing in the 2nd quarter worth about $30,000. Cordasco Financial Network bought a new position in Boeing in the 1st quarter worth about $26,000. MBE Wealth Management LLC purchased a new stake in Boeing during the 1st quarter valued at about $26,000. Finally, Marquette Asset Management LLC increased its stake in Boeing by 316.7% during the 1st quarter. Marquette Asset Management LLC now owns 200 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 61.66% of the company’s stock.

About Boeing

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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Analyst Recommendations for Boeing (NYSE:BA)

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