The Boeing Company (NYSE:BA – Get Free Report)’s share price dropped 1.3% during mid-day trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $86.00 to $85.00. Wells Fargo & Company currently has an underweight rating on the stock. Boeing traded as low as $152.30 and last traded at $153.05. Approximately 9,684,522 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 8,822,294 shares. The stock had previously closed at $155.07.
A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group lowered their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. TD Cowen decreased their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Jefferies Financial Group dropped their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.37.
Get Our Latest Stock Analysis on Boeing
Hedge Funds Weigh In On Boeing
Boeing Stock Down 2.6 %
The stock has a 50-day moving average of $156.65 and a 200 day moving average of $170.77. The stock has a market cap of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.26) EPS. Research analysts forecast that The Boeing Company will post -16.13 EPS for the current fiscal year.
About Boeing
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.
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