Analysts Set The Boeing Company (NYSE:BA) PT at $192.21

The Boeing Company (NYSE:BA) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $192.21.

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th.

Boeing Price Performance

NYSE BA opened at $167.17 on Wednesday. The business has a 50 day simple moving average of $162.02 and a 200 day simple moving average of $164.97. Boeing has a one year low of $137.03 and a one year high of $217.59. The stock has a market capitalization of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that Boeing will post -16.18 earnings per share for the current year.

Institutional Trading of Boeing

Large investors have recently bought and sold shares of the company. Lantz Financial LLC grew its position in shares of Boeing by 109.7% in the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock valued at $491,000 after purchasing an additional 1,410 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Boeing in the second quarter valued at $41,000. Caprock Group LLC grew its position in shares of Boeing by 40.0% in the second quarter. Caprock Group LLC now owns 9,982 shares of the aircraft producer’s stock valued at $1,817,000 after purchasing an additional 2,854 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Boeing by 4.2% in the second quarter. Ballentine Partners LLC now owns 5,584 shares of the aircraft producer’s stock valued at $1,016,000 after purchasing an additional 223 shares in the last quarter. Finally, First Foundation Advisors grew its position in shares of Boeing by 8.4% in the second quarter. First Foundation Advisors now owns 5,791 shares of the aircraft producer’s stock valued at $1,054,000 after purchasing an additional 451 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.