Boeing (NYSE:BA) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Boeing (NYSE:BA) in a report released on Wednesday,Benzinga reports. Royal Bank of Canada currently has a $200.00 target price on the aircraft producer’s stock.

A number of other research analysts also recently commented on the company. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, UBS Group lifted their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Trading Down 2.1 %

Boeing stock opened at $174.03 on Wednesday. The stock has a 50 day moving average of $167.68 and a 200-day moving average of $164.19. The stock has a market cap of $107.58 billion, a P/E ratio of -13.49 and a beta of 1.52. Boeing has a 52 week low of $137.03 and a 52 week high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) EPS. As a group, equities analysts predict that Boeing will post -16.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC increased its stake in Boeing by 47.1% in the 4th quarter. Bogart Wealth LLC now owns 1,876 shares of the aircraft producer’s stock worth $332,000 after purchasing an additional 601 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Boeing by 18.7% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,794 shares of the aircraft producer’s stock valued at $318,000 after acquiring an additional 283 shares during the period. IMS Capital Management lifted its position in shares of Boeing by 8.4% in the 4th quarter. IMS Capital Management now owns 17,377 shares of the aircraft producer’s stock valued at $3,076,000 after acquiring an additional 1,345 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Boeing by 17.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 374,851 shares of the aircraft producer’s stock worth $67,743,000 after purchasing an additional 55,748 shares during the period. Finally, Avestar Capital LLC increased its holdings in shares of Boeing by 43.9% in the 4th quarter. Avestar Capital LLC now owns 2,926 shares of the aircraft producer’s stock valued at $518,000 after purchasing an additional 893 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.