The Boeing Company (NYSE:BA – Get Free Report)’s share price fell 0.5% on Friday after Morgan Stanley lowered their price target on the stock from $195.00 to $170.00. Morgan Stanley currently has an equal weight rating on the stock. Boeing traded as low as $154.12 and last traded at $154.59. 1,721,512 shares were traded during mid-day trading, a decline of 79% from the average session volume of 8,038,787 shares. The stock had previously closed at $155.31.
BA has been the topic of several other research reports. Stifel Nicolaus increased their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup reduced their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday. Sanford C. Bernstein dropped their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $198.79.
Check Out Our Latest Research Report on Boeing
Institutional Trading of Boeing
Boeing Price Performance
The stock has a market cap of $94.90 billion, a PE ratio of -43.55 and a beta of 1.57. The company’s fifty day moving average is $161.36 and its 200-day moving average is $172.88.
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 firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the business posted ($0.82) earnings per share. Analysts expect that The Boeing Company will post -5.35 EPS for the current 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.
Featured Articles
- Five stocks we like better than Boeing
- Investing in Travel Stocks Benefits
- Analysts See Growth in CrowdStrike Stock Despite July Setback
- 5 Top Rated Dividend Stocks to Consider
- The Uptrend in Netflix Will Continue: Another 15% Upside Ahead
- Stock Analyst Ratings and Canadian Analyst Ratings
- Buy the Dip? UiPath Stock’s GenAI Strategy May Pay Off
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.