Boeing (NYSE:BA) Given New $210.00 Price Target at Susquehanna

Boeing (NYSE:BA) had its price target trimmed by Susquehanna from $230.00 to $210.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a positive rating on the aircraft producer’s stock.

Several other equities research analysts have also recently commented on BA. Sanford C. Bernstein lowered their price target on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.79.

Boeing Price Performance

BA stock opened at $155.31 on Thursday. The stock has a market capitalization of $95.34 billion, a PE ratio of -43.75 and a beta of 1.57. The company has a 50 day moving average price of $161.36 and a 200 day moving average price of $172.88. Boeing has a fifty-two week low of $146.02 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.82) earnings per share. As a group, equities analysts expect that Boeing will post -5.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BA. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC bought a new position in Boeing in the second quarter valued at approximately $34,000. McClarren Financial Advisors Inc. increased its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at approximately $39,000. 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.