Boeing (NYSE:BA) Stock Price Expected to Rise, Susquehanna Analyst Says

Boeing (NYSE:BA) had its price target raised by stock analysts at Susquehanna from $200.00 to $205.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the aircraft producer’s stock. Susquehanna’s price target points to a potential upside of 17.92% from the stock’s current price.

Several other brokerages also recently weighed in on BA. Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.47.

Boeing Stock Down 2.2 %

NYSE BA traded down $3.94 during trading hours on Wednesday, reaching $173.84. 3,564,509 shares of the company were exchanged, compared to its average volume of 8,504,009. The stock has a market capitalization of $107.47 billion, a P/E ratio of -13.48 and a beta of 1.52. Boeing has a 1 year low of $137.03 and a 1 year high of $214.63. The business’s 50 day simple moving average is $167.68 and its 200-day simple moving average is $164.19.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm posted ($0.47) EPS. As a group, sell-side analysts anticipate that Boeing will post -16.39 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing in the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing in the fourth quarter worth approximately $33,000. 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.