The Boeing Company (NYSE:BA – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday after Citigroup lowered their price target on the stock from $252.00 to $224.00. Citigroup currently has a buy rating on the stock. Boeing traded as low as $160.61 and last traded at $161.66, with a volume of 3521363 shares traded. The stock had previously closed at $164.33.
Several other brokerages also recently commented on BA. Bank of America lowered their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus dropped their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company reduced their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. The Goldman Sachs Group dropped their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $222.41.
View Our Latest Research Report on Boeing
Hedge Funds Weigh In On Boeing
Boeing Trading Up 1.5 %
The stock’s fifty day moving average is $187.26 and its two-hundred day moving average is $206.61. The firm has a market cap of $101.78 billion, a P/E ratio of -45.33, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the company posted ($1.75) EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post 0.32 EPS for the current year.
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.
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