Boeing (NYSE:BA) Price Target Cut to $195.00

Boeing (NYSE:BA) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from $225.00 to $195.00 in a note issued to investors 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 25.90% from the stock’s current price.

BA has been the subject of several other research reports. The Goldman Sachs Group lowered their price objective 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. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. TD Cowen dropped their price objective on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus raised their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.00.

Boeing Stock Performance

NYSE:BA opened at $154.88 on Thursday. Boeing has a 52 week low of $149.49 and a 52 week high of $267.54. The firm’s fifty day moving average is $165.48 and its 200-day moving average is $175.19. The firm has a market cap of $95.08 billion, a P/E ratio of -43.63 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during 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 quarter last year, the firm posted ($0.82) EPS. As a group, sell-side analysts anticipate that Boeing will post -4.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC grew its position in Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after purchasing an additional 56 shares during the period. Madison Park Capital Advisors LLC boosted its stake in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in shares of Boeing by 4.3% in the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after acquiring an additional 60 shares during the period. Bridge Creek Capital Management LLC increased its position in Boeing by 3.1% during the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC lifted its holdings in Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.