Boeing (NYSE:BA) PT Lowered to $195.00 at Deutsche Bank Aktiengesellschaft

Boeing (NYSE:BA) had its target price decreased by Deutsche Bank Aktiengesellschaft from $225.00 to $195.00 in a research note released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the aircraft producer’s stock.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a buy rating for the company in a research note on Monday, September 23rd. The Goldman Sachs Group cut their price target on Boeing from $232.00 to $202.00 and set a buy rating for the company in a report on Tuesday, September 24th. TD Cowen cut their price target on Boeing from $230.00 to $200.00 and set a buy rating for the company in a report on Tuesday. Sanford C. Bernstein lowered their price objective on Boeing from $222.00 to $207.00 and set an outperform rating on the stock in a research report on Monday, August 5th. Finally, Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the stock a neutral rating in a research report on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $206.00.

Boeing Trading Down 1.6 %

Shares of Boeing stock opened at $150.52 on Thursday. The firm has a market capitalization of $92.40 billion, a PE ratio of -42.40 and a beta of 1.57. The business’s 50-day moving average price is $166.12 and its 200-day moving average price is $175.36. Boeing has a 12 month low of $149.49 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted 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 company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. Boeing’s 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, analysts predict that Boeing will post -4.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the period. Global Assets Advisory LLC bought a new stake in Boeing during the 1st quarter valued at approximately $272,312,000. Vanguard Group Inc. boosted its stake in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Boeing by 9,626.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock valued at $186,759,000 after acquiring an additional 1,015,542 shares in the last quarter. Institutional investors and hedge funds 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.