Boeing (NYSE:BA) PT Lowered to $170.00 at Morgan Stanley

Boeing (NYSE:BA) had its price objective reduced by Morgan Stanley from $195.00 to $170.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the aircraft producer’s stock.

Other equities analysts also recently issued research reports about the stock. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. UBS Group lowered their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday. Finally, Jefferies Financial Group lowered their price target 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. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.79.

Boeing Stock Performance

BA stock traded up $0.74 during mid-day trading on Thursday, hitting $155.94. The company had a trading volume of 2,307,684 shares, compared to its average volume of 8,099,113. The firm has a market cap of $95.73 billion, a PE ratio of -43.72 and a beta of 1.57. Boeing has a 12 month low of $146.02 and a 12 month high of $267.54. The stock’s fifty day moving average price is $160.61 and its two-hundred day moving average price is $172.01.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted ($3.26) earnings per share. Equities analysts anticipate that Boeing will post -5.35 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

Several large investors have recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in Boeing in the second quarter worth $34,000. McClarren Financial Advisors Inc. grew its stake in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares in the last quarter. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter worth about $33,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Boeing during the 2nd quarter valued at about $39,000. 64.82% of the stock is owned by institutional investors.

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.