Boeing (NYSE:BA) PT Raised to $230.00

Boeing (NYSE:BA) had its price target increased by Susquehanna from $220.00 to $230.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a positive rating on the aircraft producer’s stock.

Several other analysts have also recently weighed in on the company. Bank of America boosted their price objective on Boeing from $180.00 to $200.00 and gave the stock a neutral rating in a report on Thursday, June 13th. Barclays dropped their price target on shares of Boeing from $235.00 to $190.00 and set an equal weight rating for the company in a research note on Monday, April 22nd. Robert W. Baird lowered their target price on shares of Boeing from $300.00 to $240.00 and set an outperform rating for the company in a report on Monday, June 3rd. Sanford C. Bernstein cut their price target on Boeing from $230.00 to $215.00 and set an outperform rating on the stock in a research note on Monday, June 3rd. Finally, Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $215.18.

Boeing Price Performance

BA opened at $162.35 on Thursday. The company’s 50 day simple moving average is $181.87 and its 200-day simple moving average is $187.17. Boeing has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $100.04 billion, a P/E ratio of -45.42 and a beta of 1.56.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The business’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.82) EPS. As a group, analysts anticipate that Boeing will post -2.38 EPS for the current year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Blueprint LLC grew its stake in Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after buying an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after purchasing an additional 4,622 shares during the period. Orca Investment Management LLC lifted its holdings in Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC bought a new stake in Boeing in the 4th quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. grew its holdings in Boeing by 5.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after buying an additional 1,596 shares in the last quarter. 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.