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Analysts at Barclays dropped their target price on shares of Boeing (NYSE:BA) from $160.00 to $147.00 in a research report issued to clients and investors on Monday, AR Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price would indicate a potential upside of 19.43% from the company’s current price.

Shares of Boeing (NYSE:BA) traded down 1.74% on Monday, hitting $123.08. 9,342,365 shares of the company’s stock traded hands. Boeing has a 52-week low of $74.25 and a 52-week high of $144.57. The stock’s 50-day moving average is $137.3 and its 200-day moving average is $122.8. The company has a market cap of $91.987 billion and a price-to-earnings ratio of 21.02.

Boeing (NYSE:BA) last released its earnings data on Wednesday, January 29th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.31. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Boeing will post $7.42 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated an “outperform” rating on shares of Boeing in a research note to investors on Thursday. They now have a $164.00 price target on the stock, up previously from $160.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Boeing from $162.00 to $165.00 in a research note to investors on Thursday. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Boeing from $166.00 to $155.00 in a research note to investors on Thursday. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Boeing has a consensus rating of “Buy” and a consensus target price of $141.54.

The Boeing Company (NYSE:BA) is an aerospace company.

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