Boeing (NYSE:BA) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

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

A number of other research firms have also recently commented on BA. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Wells Fargo & Company reduced their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Hold” and an average price target of $191.16.

Boeing Price Performance

Shares of NYSE BA opened at $169.90 on Thursday. The stock has a market capitalization of $105.03 billion, a price-to-earnings ratio of -13.17 and a beta of 1.52. The business has a 50-day moving average of $159.43 and a 200-day moving average of $165.47. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $250.19.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that Boeing will post -16.18 EPS for the current year.

Institutional Trading of Boeing

Large investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at about $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at about $41,000. Finally, Planning Capital Management Corp grew its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the period. 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.