Analysts Set The Boeing Company (NYSE:BA) PT at $192.21

The Boeing Company (NYSE:BA) has received an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $192.21.

BA has been the subject of several research analyst reports. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. UBS Group dropped their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after acquiring an additional 38,300 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after acquiring an additional 38,332 shares during the period. Jennison Associates LLC grew its holdings in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after acquiring an additional 602,143 shares during the period. World Investment Advisors LLC grew its holdings in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after acquiring an additional 3,814 shares during the period. Finally, EWG Elevate Inc. purchased a new position in shares of Boeing during the 4th quarter worth approximately $848,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $167.17 on Wednesday. The firm has a market capitalization of $103.34 billion, a price-to-earnings ratio of -12.96 and a beta of 1.52. Boeing has a 52-week low of $137.03 and a 52-week high of $217.59. The stock has a fifty day moving average of $162.02 and a 200 day moving average of $164.97.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate 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. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned ($3.26) earnings per share. Equities analysts forecast that Boeing will post -16.18 earnings per share for the current fiscal year.

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.