Boeing (NYSE:BA) Price Target Raised to $205.00 at Susquehanna

Boeing (NYSE:BA) had its target price hoisted by Susquehanna from $200.00 to $205.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a positive rating on the aircraft producer’s stock.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday. TD Cowen decreased their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Price Performance

BA opened at $174.03 on Wednesday. The stock’s 50 day simple moving average is $167.68 and its 200 day simple moving average is $164.19. The firm has a market cap of $107.58 billion, a price-to-earnings ratio of -13.49 and a beta of 1.52. Boeing has a 1 year low of $137.03 and a 1 year high of $214.63.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. As a group, sell-side analysts anticipate that Boeing will post -16.39 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several large investors have recently modified their holdings of BA. AdvisorNet Financial Inc raised its stake in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel raised its position in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 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.