Susquehanna Trims Boeing (NYSE:BA) Target Price to $200.00

Boeing (NYSE:BA) had its price target trimmed by Susquehanna from $210.00 to $200.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a positive rating on the aircraft producer’s stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research note on Thursday. TD Cowen lowered their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group lowered their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.79.

Boeing Stock Performance

NYSE:BA opened at $155.01 on Thursday. The firm has a market cap of $95.16 billion, a P/E ratio of -43.66 and a beta of 1.57. Boeing has a 52 week low of $146.02 and a 52 week high of $267.54. The firm’s fifty day moving average is $159.68 and its 200-day moving average is $171.66.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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 analyst estimates of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.26) earnings per share. As a group, sell-side analysts anticipate that Boeing will post -5.35 earnings per share for the current year.

Institutional Trading of Boeing

A number of large investors have recently added to or reduced their stakes in BA. Madison Park Capital Advisors LLC boosted its position in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after purchasing an additional 56 shares during the period. Wealth Alliance Advisory Group LLC boosted its position in Boeing by 1.6% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after purchasing an additional 60 shares during the period. Angeles Wealth Management LLC boosted its position in Boeing by 4.2% during the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after purchasing an additional 61 shares during the period. IMS Capital Management boosted its position in Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after purchasing an additional 62 shares during the period. Finally, Meeder Advisory Services Inc. boosted its position in Boeing by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

About Boeing

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.