The Boeing Company (NYSE:BA – Get Free Report) shares traded down 2.4% during trading on Monday after TD Cowen lowered their price target on the stock from $200.00 to $190.00. TD Cowen currently has a buy rating on the stock. Boeing traded as low as $146.02 and last traded at $147.43. 3,935,699 shares were traded during mid-day trading, a decline of 51% from the average session volume of 8,032,438 shares. The stock had previously closed at $151.02.
A number of other equities research analysts have also issued reports on the company. Sanford C. Bernstein cut their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. 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. Stifel Nicolaus increased their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday. Finally, Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $204.56.
Check Out Our Latest Stock Report on Boeing
Institutional Investors Weigh In On Boeing
Boeing Trading Down 1.3 %
The firm’s fifty day moving average price is $162.05 and its 200 day moving average price is $173.41. The stock has a market capitalization of $91.53 billion, a price-to-earnings ratio of -42.00 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) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the prior year, the business earned ($0.82) EPS. The business’s quarterly revenue was down 14.6% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -5.35 earnings per share for the current fiscal year.
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.
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