Boeing (NYSE:BA) Price Target Cut to $190.00 by Analysts at Barclays

Boeing (NYSE:BA) had its price objective decreased by Barclays from $235.00 to $190.00 in a research note issued to investors on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the aircraft producer’s stock.

Several other research firms have also recently issued reports on BA. Stifel Nicolaus cut their target price on Boeing from $270.00 to $260.00 and set a buy rating for the company in a research note on Wednesday, April 10th. Melius Research reissued a hold rating on shares of Boeing in a research note on Monday, April 1st. Northcoast Research cut Boeing from a neutral rating to a sell rating and set a $140.00 target price for the company. in a research note on Wednesday, April 17th. Susquehanna cut their target price on Boeing from $265.00 to $230.00 and set a positive rating for the company in a research note on Thursday, March 21st. Finally, Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a neutral rating for the company in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of Moderate Buy and an average price target of $226.71.

Boeing Stock Performance

Shares of Boeing stock opened at $170.53 on Monday. Boeing has a one year low of $167.53 and a one year high of $267.54. The company has a market cap of $104.05 billion, a price-to-earnings ratio of -46.34, a PEG ratio of 134.48 and a beta of 1.52. The business’s 50 day moving average price is $189.51 and its 200 day moving average price is $207.32.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.75) EPS. On average, analysts predict that Boeing will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Effects LLC boosted its position in shares of Boeing by 8.4% during the 1st quarter. Wealth Effects LLC now owns 10,419 shares of the aircraft producer’s stock worth $2,011,000 after acquiring an additional 805 shares in the last quarter. Prospect Financial Services LLC boosted its position in shares of Boeing by 303.1% during the 1st quarter. Prospect Financial Services LLC now owns 16,358 shares of the aircraft producer’s stock worth $3,157,000 after acquiring an additional 12,300 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of Boeing by 2.3% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,855 shares of the aircraft producer’s stock worth $744,000 after acquiring an additional 85 shares in the last quarter. Byrne Asset Management LLC boosted its position in shares of Boeing by 3.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,961 shares of the aircraft producer’s stock worth $764,000 after acquiring an additional 114 shares in the last quarter. Finally, Nilsine Partners LLC boosted its position in shares of Boeing by 6.0% during the 1st quarter. Nilsine Partners LLC now owns 10,363 shares of the aircraft producer’s stock worth $2,000,000 after acquiring an additional 590 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

About Boeing

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.