Boeing (NYSE:BA) PT Lowered to $195.00 at Sanford C. Bernstein

Boeing (NYSE:BA) had its price target reduced by Sanford C. Bernstein from $207.00 to $195.00 in a research note published on Thursday, Marketbeat.com reports. They currently have an outperform rating on the aircraft producer’s stock.

BA has been the topic of several other research reports. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company decreased their price objective on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a report on Monday, October 14th. Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $198.79.

Boeing Trading Down 0.2 %

BA stock opened at $155.00 on Thursday. The firm has a 50 day simple moving average of $161.10 and a 200-day simple moving average of $172.53. The company has a market capitalization of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57. Boeing has a twelve month low of $146.02 and a twelve month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) earnings per share. On average, research analysts predict that Boeing will post -5.35 EPS for the current year.

Institutional Investors Weigh In On Boeing

Several institutional investors have recently bought and sold shares of the stock. Lazari Capital Management Inc. lifted its stake in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares during the period. Sanders Morris Harris LLC raised its holdings in Boeing by 869.1% during the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after purchasing an additional 20,425 shares in the last quarter. Czech National Bank lifted its position in Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares during the period. Park Avenue Securities LLC boosted its stake in Boeing by 20.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after purchasing an additional 1,805 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new position in shares of Boeing during the 3rd quarter valued at $11,237,000. Institutional investors and hedge funds 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.