Boeing (NYSE:BA) Price Target Raised to $215.00

Boeing (NYSE:BA) had its target price raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $184.00 to $215.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 26.55% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup cut their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and an average target price of $191.16.

Boeing Trading Down 1.1 %

BA opened at $169.90 on Thursday. Boeing has a 1-year low of $137.03 and a 1-year high of $250.19. The company has a market cap of $105.03 billion, a price-to-earnings ratio of -13.17 and a beta of 1.56. The company’s fifty day moving average price is $159.13 and its two-hundred day moving average price is $165.53.

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

Institutional Trading of Boeing

A number of institutional investors have recently modified their holdings of the company. Lantz Financial LLC raised its holdings in shares of Boeing by 109.7% during the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock worth $491,000 after purchasing an additional 1,410 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in shares of Boeing by 55.4% in the 2nd quarter. Founders Financial Securities LLC now owns 1,680 shares of the aircraft producer’s stock valued at $306,000 after buying an additional 599 shares during the period. Cozad Asset Management Inc. purchased a new stake in shares of Boeing in the second quarter worth about $202,000. Impact Partnership Wealth LLC grew its stake in shares of Boeing by 10.8% during the 2nd quarter. Impact Partnership Wealth LLC now owns 1,158 shares of the aircraft producer’s stock worth $211,000 after purchasing an additional 113 shares during the period. Finally, Nicholas Hoffman & Company LLC. boosted its holdings in Boeing by 38.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 5,355 shares of the aircraft producer’s stock worth $975,000 after buying an additional 1,500 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

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.