Boeing (NYSE:BA) PT Lowered to $200.00

Boeing (NYSE:BA) had its price objective lowered by Robert W. Baird from $240.00 to $200.00 in a report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the aircraft producer’s stock.

Several other analysts also recently commented on BA. Sanford C. Bernstein cut their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Susquehanna lowered their price target on Boeing from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.79.

Boeing Stock Down 0.1 %

Shares of BA opened at $155.01 on Thursday. The stock has a market cap of $95.16 billion, a P/E ratio of -43.66 and a beta of 1.57. The business’s 50 day moving average price is $159.68 and its 200-day moving average price is $171.64. Boeing has a 52 week low of $146.02 and a 52 week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Boeing will post -5.35 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after purchasing an additional 1,251,165 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Boeing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Boeing by 9,626.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after purchasing an additional 1,015,542 shares during the period. Wulff Hansen & CO. increased its position in shares of Boeing by 15,039.0% during the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Boeing by 14.1% during the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after buying an additional 518,952 shares during the period. Institutional investors own 64.82% of the company’s stock.

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.