Boeing (NYSE:BA) Price Target Lowered to $240.00 at Robert W. Baird

Boeing (NYSE:BAFree Report) had its price objective reduced by Robert W. Baird from $300.00 to $240.00 in a research note released on Monday morning, Benzinga reports. They currently have an outperform rating on the aircraft producer’s stock.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $240.00 target price on shares of Boeing in a report on Wednesday, May 15th. Sanford C. Bernstein reduced their price objective on Boeing from $272.00 to $240.00 and set an outperform rating for the company in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Boeing from $240.00 to $225.00 and set a buy rating on the stock in a research report on Thursday, April 25th. Melius reissued a hold rating on shares of Boeing in a report on Monday, April 1st. Finally, Bank of America dropped their price objective on shares of Boeing from $210.00 to $190.00 and set a neutral rating on the stock in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of Moderate Buy and an average price target of $220.89.

Get Our Latest Research Report on Boeing

Boeing Price Performance

Shares of BA stock opened at $184.57 on Monday. The firm has a fifty day moving average of $177.80 and a two-hundred day moving average of $204.50. The firm has a market cap of $113.30 billion, a P/E ratio of -51.99 and a beta of 1.55. Boeing has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, sell-side analysts expect that Boeing will post -1.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its position in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Boeing during the fourth quarter valued at $960,397,000. Wellington Management Group LLP boosted its holdings in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after acquiring an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the period. Finally, Boston Partners raised its holdings in Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after purchasing an additional 1,617,151 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.