Barclays Trims Boeing (NYSE:BA) Target Price to $190.00

Boeing (NYSE:BA) had its price objective lowered by Barclays from $235.00 to $190.00 in a research report report published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the aircraft producer’s stock.

Several other research analysts have also commented on the company. Royal Bank of Canada cut their price objective on Boeing from $225.00 to $215.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Morgan Stanley dropped their target price on Boeing from $235.00 to $180.00 and set an equal weight rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an overweight rating on the stock in a research report on Friday, April 12th. UBS Group dropped their target price on Boeing from $275.00 to $250.00 and set a buy rating on the stock in a research report on Thursday, March 21st. Finally, Benchmark reaffirmed a buy rating and set a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $226.71.

Boeing Price Performance

NYSE:BA opened at $170.53 on Monday. The business’s 50-day moving average is $189.51 and its two-hundred day moving average is $207.32. Boeing has a 12 month low of $167.53 and a 12 month high of $267.54. The firm has a market capitalization of $104.05 billion, a PE ratio of -46.34, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period last year, the business earned ($1.75) earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Boeing will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. bought a new stake in Boeing during the fourth quarter worth approximately $28,000. Evolution Advisers Inc. bought a new stake in Boeing during the fourth quarter worth approximately $28,000. CNB Bank raised its holdings in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Finally, Vima LLC bought a new stake in Boeing during the fourth quarter worth approximately $34,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.