Boeing (NYSE:BA) Stock Price Expected to Rise, Susquehanna Analyst Says

Boeing (NYSE:BA) had its price target upped by investment analysts at Susquehanna from $200.00 to $205.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the aircraft producer’s stock. Susquehanna’s price target indicates a potential upside of 14.22% from the stock’s previous close.

A number of other equities analysts have also commented on BA. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird decreased 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. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Performance

NYSE:BA opened at $179.47 on Wednesday. Boeing has a 52 week low of $137.03 and a 52 week high of $214.63. The firm has a market cap of $110.95 billion, a price-to-earnings ratio of -13.91 and a beta of 1.52. The firm’s 50-day simple moving average is $168.24 and its 200 day simple moving average is $164.26.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. Sell-side analysts anticipate that Boeing will post -16.39 EPS for the current year.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. boosted its position in Boeing by 9.2% during the 4th quarter. Valmark Advisers Inc. now owns 3,427 shares of the aircraft producer’s stock worth $607,000 after buying an additional 288 shares during the period. MOKAN Wealth Management Inc. acquired a new stake in Boeing during the 4th quarter worth approximately $222,000. Blue Zone Wealth Advisors LLC boosted its position in Boeing by 0.8% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 21,564 shares of the aircraft producer’s stock worth $3,817,000 after buying an additional 169 shares during the period. Lee Financial Co acquired a new stake in Boeing during the 4th quarter worth approximately $222,000. Finally, Secured Retirement Advisors LLC acquired a new stake in Boeing during the 4th quarter worth approximately $696,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.