The Boeing Company (NYSE:BA – Get Free Report) fell 0.6% on Wednesday after Wells Fargo & Company lowered their price target on the stock from $119.00 to $110.00. Wells Fargo & Company currently has an underweight rating on the stock. Boeing traded as low as $152.88 and last traded at $153.28. 1,186,314 shares were traded during mid-day trading, a decline of 85% from the average session volume of 8,025,655 shares. The stock had previously closed at $154.22.
Several other analysts have also recently issued reports on the company. Bank of America increased their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. UBS Group decreased their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. TD Cowen cut their target price on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday. Robert W. Baird reduced their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, Jefferies Financial Group lowered their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $207.67.
Check Out Our Latest Stock Report on Boeing
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Boeing Trading Down 0.6 %
The firm has a 50 day moving average of $167.34 and a two-hundred day moving average of $175.70. The stock has a market capitalization of $94.10 billion, a PE ratio of -43.18 and a beta of 1.57.
Boeing (NYSE:BA – Get Free Report) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.82) EPS. Equities research analysts forecast that The Boeing Company will post -4.27 EPS for the current 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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