Weekly Investment Analysts’ Ratings Changes for Boeing (BA)

A number of research firms have changed their ratings and price targets for Boeing (NYSE: BA):

• 11/4/2024 – Boeing had its price target lowered by analysts at Wells Fargo & Company from $86.00 to $85.00. They now have an “underweight” rating on the stock.
• 10/30/2024 – Boeing had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock.
• 10/30/2024 – Boeing was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $169.00 price target on the stock, down previously from $195.00.
• 10/24/2024 – Boeing had its price target lowered by analysts at Wells Fargo & Company from $109.00 to $86.00. They now have an “underweight” rating on the stock.
• 10/24/2024 – Boeing had its price target lowered by analysts at Susquehanna from $210.00 to $200.00. They now have a “positive” rating on the stock.
• 10/24/2024 – Boeing had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock.
• 10/24/2024 – Boeing had its price target lowered by analysts at Robert W. Baird from $240.00 to $200.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Boeing had its price target lowered by analysts at Morgan Stanley from $195.00 to $170.00. They now have an “equal weight” rating on the stock.
• 10/24/2024 – Boeing had its price target lowered by analysts at UBS Group AG from $215.00 to $195.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Boeing had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $250.00 price target on the stock.
• 10/18/2024 – Boeing had its price target lowered by analysts at Morgan Stanley from $195.00 to $170.00. They now have an “equal weight” rating on the stock.
• 10/17/2024 – Boeing had its price target lowered by analysts at Susquehanna from $230.00 to $210.00. They now have a “positive” rating on the stock.
• 10/17/2024 – Boeing had its price target lowered by analysts at Sanford C. Bernstein from $207.00 to $195.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – Boeing was downgraded by analysts at DZ Bank AG from a “buy” rating to a “hold” rating. They now have a $152.00 price target on the stock.
• 10/15/2024 – Boeing had its price target lowered by analysts at Citigroup Inc. from $224.00 to $209.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Boeing had its price target lowered by analysts at Wells Fargo & Company from $110.00 to $109.00. They now have an “underweight” rating on the stock.
• 10/14/2024 – Boeing had its price target lowered by analysts at JPMorgan Chase & Co. from $235.00 to $195.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Boeing had its price target lowered by analysts at TD Cowen from $200.00 to $190.00. They now have a “buy” rating on the stock.
• 10/3/2024 – Boeing had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $225.00 to $195.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Boeing had its price target lowered by analysts at Wells Fargo & Company from $119.00 to $110.00. They now have an “underweight” rating on the stock.
• 10/1/2024 – Boeing had its price target lowered by analysts at TD Cowen from $230.00 to $200.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Boeing had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $232.00 to $202.00. They now have a “buy” rating on the stock.
• 9/23/2024 – Boeing had its price target lowered by analysts at Jefferies Financial Group Inc. from $270.00 to $240.00. They now have a “buy” rating on the stock.

Boeing Trading Down 3.6 %

Shares of Boeing stock opened at $139.98 on Thursday. The firm has a market capitalization of $86.54 billion, a PE ratio of -10.85 and a beta of 1.57. The firm’s 50 day moving average is $154.49 and its 200 day moving average is $170.11. The Boeing Company has a 1 year low of $139.10 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post -16.09 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Several hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing in the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC bought a new stake in Boeing in the 2nd quarter worth approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

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.