The Boeing Company (NYSE:BA – Get Free Report)’s share price traded down 0.6% on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $225.00 to $195.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Boeing traded as low as $152.88 and last traded at $153.28. 1,186,314 shares changed hands during trading, a decline of 85% from the average session volume of 8,025,655 shares. The stock had previously closed at $154.22.
Other analysts have also recently issued research reports about the company. TD Cowen lowered their price objective on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Bank of America increased their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Stifel Nicolaus boosted their target price 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, The Goldman Sachs Group decreased their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.00.
Institutional Investors Weigh In On Boeing
Boeing Trading Down 1.6 %
The firm has a market capitalization of $92.40 billion, a price-to-earnings ratio of -42.40 and a beta of 1.57. The company has a fifty day moving average price of $166.12 and a two-hundred day moving average price of $175.36.
Boeing (NYSE:BA – Get Free Report) last posted its earnings results 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 revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.82) EPS. As a group, equities research analysts expect that The Boeing Company will post -4.27 earnings per share for the current year.
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.
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