Susquehanna Issues Positive Forecast for Boeing (NYSE:BA) Stock Price

Boeing (NYSE:BA) had its price target upped by analysts at Susquehanna from $200.00 to $205.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the aircraft producer’s stock. Susquehanna’s price objective points to a potential upside of 14.22% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday. Citigroup lowered their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. TD Cowen lowered their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Performance

Shares of NYSE BA opened at $179.47 on Wednesday. The company has a market capitalization of $110.95 billion, a P/E ratio of -13.91 and a beta of 1.52. Boeing has a 52-week low of $137.03 and a 52-week high of $214.63. The company’s 50 day moving average price is $168.24 and its 200-day moving average price is $164.26.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) EPS. Analysts forecast that Boeing will post -16.39 earnings per share for the current year.

Institutional Trading of Boeing

Several institutional investors have recently made changes to their positions in the company. Valmark Advisers Inc. grew its stake in shares of Boeing by 9.2% in the 4th quarter. Valmark Advisers Inc. now owns 3,427 shares of the aircraft producer’s stock worth $607,000 after acquiring an additional 288 shares in the last quarter. MOKAN Wealth Management Inc. purchased a new position in shares of Boeing in the 4th quarter worth about $222,000. Blue Zone Wealth Advisors LLC boosted its holdings in shares of Boeing by 0.8% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 21,564 shares of the aircraft producer’s stock worth $3,817,000 after buying an additional 169 shares during the last quarter. Lee Financial Co purchased a new position in shares of Boeing in the 4th quarter worth about $222,000. Finally, Secured Retirement Advisors LLC purchased a new position in shares of Boeing in the 4th quarter worth about $696,000. 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.