Boeing (NYSE:BA) Price Target Cut to $225.00

Boeing (NYSE:BA) had its price objective lowered by research analysts at Deutsche Bank Aktiengesellschaft from $240.00 to $225.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 34.52% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Wednesday, April 17th. TD Cowen dropped their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. UBS Group dropped their price target on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Susquehanna decreased their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.41.

Boeing Trading Up 0.3 %

Shares of BA opened at $167.26 on Thursday. The company has a market cap of $102.05 billion, a price-to-earnings ratio of -47.12, a P/E/G ratio of 130.13 and a beta of 1.52. Boeing has a 12 month low of $159.70 and a 12 month high of $267.54. The business’s fifty day simple moving average is $186.53 and its two-hundred day simple moving average is $206.46.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned ($1.75) earnings per share. As a group, research analysts forecast that Boeing will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Boeing

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its position in shares of Boeing by 81.0% during the third quarter. GHP Investment Advisors Inc. now owns 1,788 shares of the aircraft producer’s stock valued at $331,000 after purchasing an additional 800 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of Boeing by 24.4% during the third quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer’s stock valued at $581,000 after purchasing an additional 595 shares in the last quarter. Secure Asset Management LLC grew its position in shares of Boeing by 20.5% during the third quarter. Secure Asset Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $328,000 after purchasing an additional 291 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Boeing by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 303,662 shares of the aircraft producer’s stock valued at $58,206,000 after purchasing an additional 5,888 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its position in shares of Boeing by 7.8% during the third quarter. MBM Wealth Consultants LLC now owns 4,864 shares of the aircraft producer’s stock valued at $899,000 after purchasing an additional 350 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

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.