Citigroup Cuts Boeing (NYSE:BA) Price Target to $207.00

Boeing (NYSE:BA) had its price objective cut by Citigroup from $209.00 to $207.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the aircraft producer’s stock.

Other equities research analysts have also recently issued research reports about the company. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. DZ Bank lowered 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. UBS Group dropped their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Stock Performance

Boeing stock opened at $175.95 on Friday. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The firm has a market capitalization of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. The stock’s fifty day moving average is $166.42 and its two-hundred day moving average is $164.42.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently made changes to their positions in BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter valued at $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the 4th quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing during the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.