Boeing (NYSE:BA) Downgraded by Argus

Boeing (NYSE:BA) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, MarketBeat reports.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group lowered their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. JPMorgan Chase & Co. lowered their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Barclays lowered their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Hold” and an average target price of $222.41.

Boeing Trading Up 2.2 %

NYSE BA opened at $171.45 on Tuesday. The stock’s 50-day moving average price is $184.61 and its two-hundred day moving average price is $206.14. The company has a market cap of $105.25 billion, a PE ratio of -48.30 and a beta of 1.52. Boeing has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period last year, the firm earned ($1.75) EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Research analysts forecast that Boeing will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Boeing

Large investors have recently added to or reduced their stakes in the stock. CNB Bank lifted its holdings in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $26,000. Evolution Advisers Inc. acquired a new position in shares of Boeing during the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the fourth quarter worth approximately $28,000. Finally, Vima LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $34,000. 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.