The Boeing Company (NYSE:BA – Get Free Report)’s stock price dropped 0.2% on Wednesday after Citigroup lowered their price target on the stock from $224.00 to $209.00. Citigroup currently has a buy rating on the stock. Boeing traded as low as $151.34 and last traded at $152.03. Approximately 1,476,012 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 8,044,708 shares. The stock had previously closed at $152.35.
A number of other equities analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday. The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Wells Fargo & Company reduced their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.
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Institutional Investors Weigh In On Boeing
Boeing Trading Up 1.6 %
The company has a market cap of $95.07 billion, a PE ratio of -43.62 and a beta of 1.57. The stock has a 50 day moving average price of $161.63 and a 200 day moving average price of $173.00.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The company’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) EPS. Equities analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.
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.
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