Boeing (NYSE:BA) Price Target Raised to $215.00

Boeing (NYSE:BA) had its price objective raised by Deutsche Bank Aktiengesellschaft from $184.00 to $215.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the aircraft producer’s stock.

A number of other equities research analysts have also commented on BA. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. UBS Group decreased their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $191.16.

Boeing Trading Down 1.1 %

Shares of BA opened at $169.90 on Thursday. The stock has a market cap of $105.03 billion, a PE ratio of -13.17 and a beta of 1.52. Boeing has a 1 year low of $137.03 and a 1 year high of $250.19. The stock has a 50 day simple moving average of $159.43 and a 200-day simple moving average of $165.47.

Boeing (NYSE:BA) last released 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 analyst estimates of $17.81 billion. Boeing’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($3.26) EPS. On average, sell-side analysts forecast that Boeing will post -16.18 EPS for the current fiscal year.

Institutional Trading of Boeing

Hedge funds have recently added to or reduced their stakes in the business. Newport Trust Company LLC raised its stake in shares of Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the period. State Street Corp raised its stake in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC raised its stake in shares of Boeing by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after purchasing an additional 320,415 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after purchasing an additional 106,513 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.