Susquehanna Bancshares Trims Boeing (NYSE:BA) Target Price to $193.00

Boeing (NYSE:BAGet Rating) had its price target cut by analysts at Susquehanna Bancshares from $243.00 to $193.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. Susquehanna Bancshares’ price objective suggests a potential upside of 24.95% from the company’s current price.

A number of other research analysts also recently commented on the stock. Royal Bank of Canada set a $265.00 price objective on shares of Boeing in a research note on Monday, April 18th. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Langenberg & Company initiated coverage on shares of Boeing in a research note on Wednesday, March 9th. They issued a “buy” rating for the company. The Goldman Sachs Group set a $300.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, January 26th. Finally, Robert W. Baird dropped their price target on shares of Boeing from $306.00 to $245.00 in a research report on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $233.52.

Boeing stock opened at $154.46 on Thursday. Boeing has a one year low of $146.00 and a one year high of $258.40. The business has a fifty day moving average of $185.72 and a two-hundred day moving average of $201.78. The company has a market cap of $91.19 billion, a P/E ratio of -21.66, a price-to-earnings-growth ratio of 14.00 and a beta of 1.40.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) 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 the consensus estimate of $15.90 billion. Boeing’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the business earned ($1.53) EPS. On average, equities analysts anticipate that Boeing will post 3.23 EPS for the current fiscal year.

In related news, Director Steven M. Mollenkopf purchased 480 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The shares were bought at an average price of $208.39 per share, for a total transaction of $100,027.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence W. Kellner acquired 5,000 shares of Boeing stock in a transaction that occurred on Monday, February 14th. The stock was acquired at an average cost of $208.91 per share, for a total transaction of $1,044,550.00. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $27,000. Strategic Asset Management LLC boosted its stake in shares of Boeing by 102.9% during the fourth quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Boeing during the fourth quarter valued at about $28,000. Global Trust Asset Management LLC boosted its stake in shares of Boeing by 1,427.3% during the fourth quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 157 shares in the last quarter. Finally, AHL Investment Management Inc. acquired a new stake in shares of Boeing during the fourth quarter valued at about $39,000. 54.00% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company Profile (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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