Boeing (NYSE:BA) PT Lowered to $170.00 at Morgan Stanley

Boeing (NYSE:BA) had its price objective lowered by Morgan Stanley from $195.00 to $170.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the aircraft producer’s stock.

BA has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday. Wells Fargo & Company lowered their price target on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a report on Thursday. TD Cowen lowered their price target 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. Finally, Citigroup lowered their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $191.79.

Boeing Trading Down 0.1 %

NYSE BA opened at $155.01 on Thursday. The company’s 50-day moving average price is $159.68 and its 200-day moving average price is $171.66. The stock has a market cap of $95.16 billion, a PE ratio of -43.66 and a beta of 1.57. Boeing has a 12 month low of $146.02 and a 12 month high of $267.54.

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 business 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 firm posted ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Boeing will post -5.35 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently made changes to their positions in BA. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing during the 2nd quarter valued at approximately $33,000. Hobbs Group Advisors LLC acquired a new stake in Boeing in the 2nd quarter valued at $34,000. McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in Boeing in the 2nd quarter valued at $39,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.