Boeing (NYSE:BA) Upgraded at Barclays

Barclays upgraded shares of Boeing (NYSE:BA) from an equal weight rating to an overweight rating in a research note published on Monday morning, MarketBeat reports. The firm currently has $210.00 target price on the aircraft producer’s stock, up from their previous target price of $190.00.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Susquehanna dropped their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Down 0.3 %

BA stock opened at $172.04 on Monday. Boeing has a twelve month low of $137.03 and a twelve month high of $231.61. The stock has a market cap of $106.36 billion, a P/E ratio of -13.34 and a beta of 1.52. The business’s 50-day moving average price is $160.58 and its 200-day moving average price is $165.32.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 previous year, the company posted ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that Boeing will post -16.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

Institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing during the 2nd quarter worth $33,000. Strategic Financial Concepts LLC purchased a new stake in Boeing in the second quarter valued at $41,000. Finally, Planning Capital Management Corp boosted its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Company Profile

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.