Susquehanna Lowers Boeing (NYSE:BA) Price Target to $200.00

Boeing (NYSE:BA) had its target price decreased by Susquehanna from $210.00 to $200.00 in a research note published on Thursday morning, Benzinga reports. Susquehanna currently has a positive rating on the aircraft producer’s stock.

Several other brokerages also recently issued reports on BA. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Stifel Nicolaus raised their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Citigroup reduced their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.79.

Boeing Stock Up 0.5 %

BA stock traded up $0.74 during midday trading on Thursday, hitting $155.94. 2,307,684 shares of the company traded hands, compared to its average volume of 8,099,113. Boeing has a twelve month low of $146.02 and a twelve month high of $267.54. The business has a 50 day simple moving average of $160.61 and a 200-day simple moving average of $172.01. The stock has a market capitalization of $95.73 billion, a price-to-earnings ratio of -43.72 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that Boeing will post -5.35 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC grew its position in shares of Boeing by 1.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock worth $1,026,000 after buying an additional 110 shares during the period. MBA Advisors LLC grew its position in shares of Boeing by 8.1% in the 3rd quarter. MBA Advisors LLC now owns 1,330 shares of the aircraft producer’s stock valued at $202,000 after purchasing an additional 100 shares during the period. Fortitude Family Office LLC grew its position in shares of Boeing by 12.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,790 shares of the aircraft producer’s stock valued at $272,000 after purchasing an additional 200 shares during the period. Signature Wealth Management Partners LLC grew its position in shares of Boeing by 10.5% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 2,831 shares of the aircraft producer’s stock valued at $430,000 after purchasing an additional 270 shares during the period. Finally, Strategic Wealth Investment Group LLC grew its position in shares of Boeing by 60.2% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 82,924 shares of the aircraft producer’s stock valued at $12,788,000 after purchasing an additional 31,150 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.