Boeing (NYSE:BA) Price Target Cut to $200.00

Boeing (NYSE:BA) had its price target decreased by equities research analysts at Robert W. Baird from $240.00 to $200.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the aircraft producer’s stock. Robert W. Baird’s price objective would indicate a potential upside of 29.06% from the company’s current price.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday, October 14th. Finally, Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.79.

Boeing Stock Down 0.1 %

Shares of Boeing stock opened at $154.97 on Thursday. Boeing has a twelve month low of $146.02 and a twelve month high of $267.54. The stock has a market cap of $95.13 billion, a price-to-earnings ratio of -43.93 and a beta of 1.57. The company’s fifty day moving average is $160.18 and its 200 day moving average is $171.89.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the company posted ($3.26) earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Boeing will post -5.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Several institutional investors and hedge funds have recently added to or reduced their stakes in BA. International Assets Investment Management LLC increased its stake in Boeing by 289.8% in 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 buying an additional 1,251,165 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 buying an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp increased its stake in 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 valued at $186,759,000 after buying an additional 1,015,542 shares during the last quarter. Wulff Hansen & CO. increased its stake in Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after buying an additional 960,993 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Boeing by 14.1% during the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock worth $811,221,000 after purchasing an additional 518,952 shares during the last quarter. Hedge funds and other 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.