Boeing (NYSE:BA) PT Lowered to $216.00

Boeing (NYSE:BAGet Rating) had its price objective reduced by analysts at Sanford C. Bernstein from $239.00 to $216.00 in a research note issued to investors on Thursday, The Fly reports. Sanford C. Bernstein’s target price would suggest a potential upside of 39.84% from the stock’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Wednesday, April 13th. The Goldman Sachs Group set a $300.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Wednesday, January 26th. Robert W. Baird reaffirmed an “outperform” rating and issued a $306.00 price objective on shares of Boeing in a research note on Wednesday, April 6th. Langenberg & Company began coverage on Boeing in a research note on Wednesday, March 9th. They issued a “buy” rating on the stock. Finally, UBS Group set a $290.00 price objective on Boeing in a research note on Tuesday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $238.33.

Shares of NYSE:BA opened at $154.46 on Thursday. The stock has a market capitalization of $91.19 billion, a price-to-earnings ratio of -21.66, a PEG ratio of 14.00 and a beta of 1.40. The stock’s 50-day simple moving average is $185.72 and its two-hundred day simple moving average is $201.78. Boeing has a 52-week low of $146.00 and a 52-week high of $258.40.

Boeing (NYSE:BAGet Rating) last announced its earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($2.50). The business had revenue of $13.99 billion during the quarter, compared to analyst estimates of $15.90 billion. During the same quarter last year, the firm earned ($1.53) earnings per share. The business’s revenue was down 8.1% on a year-over-year basis. As a group, equities analysts forecast that Boeing will post 3.23 earnings per share for the current year.

In related news, Director Steven M. Mollenkopf bought 480 shares of the company’s stock in a transaction dated Tuesday, February 1st. The stock was purchased at an average price of $208.39 per share, for a total transaction of $100,027.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence W. Kellner bought 5,000 shares of the company’s stock in a transaction dated Monday, February 14th. The stock was bought at an average price of $208.91 per share, with a total value of $1,044,550.00. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BA. Versor Investments LP purchased a new position in Boeing during the 3rd quarter valued at $587,000. Deutsche Bank AG boosted its holdings in Boeing by 39.5% during the 3rd quarter. Deutsche Bank AG now owns 1,433,887 shares of the aircraft producer’s stock valued at $315,368,000 after acquiring an additional 405,815 shares during the period. Independent Wealth Network Inc. purchased a new position in Boeing during the 3rd quarter valued at $237,000. Chilton Capital Management LLC boosted its holdings in Boeing by 7.2% during the 3rd quarter. Chilton Capital Management LLC now owns 1,293 shares of the aircraft producer’s stock valued at $284,000 after acquiring an additional 87 shares during the period. Finally, Abbrea Capital LLC boosted its holdings in Boeing by 48.6% during the 3rd quarter. Abbrea Capital LLC now owns 4,630 shares of the aircraft producer’s stock valued at $1,018,000 after acquiring an additional 1,514 shares during the period. Institutional investors own 54.00% of the company’s stock.

About Boeing (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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