Analysts Set The Boeing Company (NYSE:BA) Target Price at $190.11

Shares of The Boeing Company (NYSE:BA) have earned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has 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 company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $190.11.

Several brokerages recently issued reports on BA. 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 dropped their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Susquehanna cut their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th.

Boeing Trading Down 0.2 %

BA stock opened at $172.62 on Friday. The company’s 50 day moving average is $153.97 and its two-hundred day moving average is $166.04. Boeing has a twelve month low of $137.03 and a twelve month high of $267.54. The stock has a market cap of $106.71 billion, a P/E ratio of -13.38 and a beta of 1.56.

Boeing (NYSE:BA) last posted its 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 firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($3.26) EPS. On average, equities research analysts predict that Boeing will post -16.18 earnings per share for the current year.

Institutional Trading of Boeing

Several hedge funds have recently made changes to their positions in the stock. Lantz Financial LLC boosted its position in shares of Boeing by 109.7% during the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock worth $491,000 after buying an additional 1,410 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Boeing by 19.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,425 shares of the aircraft producer’s stock valued at $3,172,000 after purchasing an additional 2,788 shares during the period. Raymond James & Associates raised its stake in shares of Boeing by 0.8% during the second quarter. Raymond James & Associates now owns 968,727 shares of the aircraft producer’s stock valued at $176,318,000 after purchasing an additional 7,873 shares in the last quarter. Montchanin Asset Management LLC lifted its holdings in Boeing by 5.0% in the second quarter. Montchanin Asset Management LLC now owns 9,105 shares of the aircraft producer’s stock worth $1,657,000 after purchasing an additional 430 shares during the period. Finally, Williams Financial LLC bought a new position in Boeing in the 2nd quarter valued at about $1,637,000. 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.