Shares of The Boeing Company (NYSE:BA – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $191.79.
A number of equities research analysts recently commented on the company. Susquehanna dropped their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, UBS Group lowered 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.
Get Our Latest Stock Analysis on Boeing
Boeing Stock Down 1.2 %
Boeing (NYSE:BA – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($4.85) by ($5.59). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($3.26) EPS. As a group, research analysts expect that Boeing will post -5.35 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Lazari Capital Management Inc. raised its stake in Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Czech National Bank grew its holdings in Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after buying an additional 9,281 shares in the last quarter. BSN CAPITAL PARTNERS Ltd purchased a new stake in Boeing in the 3rd quarter valued at $11,237,000. Sanctuary Advisors LLC purchased a new stake in Boeing in the 2nd quarter valued at $21,405,000. Finally, Williams Financial LLC purchased a new stake in Boeing in the 2nd quarter valued at $1,637,000. 64.82% of the stock is owned by institutional investors and hedge funds.
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.
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