Deutsche Bank Aktiengesellschaft Raises Boeing (NYSE:BA) Price Target to $215.00

Boeing (NYSE:BA) had its price objective raised by stock analysts at Deutsche Bank Aktiengesellschaft from $184.00 to $215.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 26.55% from the company’s current price.

BA has been the topic of several other research reports. Robert W. Baird reduced their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. 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. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Hold” and an average price target of $191.16.

Boeing Price Performance

Shares of NYSE BA opened at $169.90 on Thursday. The business has a fifty day moving average price of $159.13 and a two-hundred day moving average price of $165.53. The stock has a market capitalization of $105.03 billion, a PE ratio of -13.17 and a beta of 1.56. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $250.19.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during 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 period in the previous year, the business posted ($3.26) earnings per share. On average, equities analysts expect that Boeing will post -16.18 EPS for the current year.

Institutional Trading of Boeing

A number of large investors have recently bought and sold shares of BA. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the second quarter worth $33,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at $30,000. Meeder Asset Management Inc. raised its holdings in shares of Boeing by 325.4% during the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after purchasing an additional 231 shares during the period. Finally, Fairscale Capital LLC bought a new position in shares of Boeing during the 2nd quarter worth about $59,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.