Boeing (NYSE:BA) Price Target Lowered to $215.00 at Royal Bank of Canada

Boeing (NYSE:BA) had its target price trimmed by Royal Bank of Canada from $225.00 to $215.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an outperform rating on the aircraft producer’s stock.

A number of other research analysts also recently issued reports on the company. Melius reissued a hold rating on shares of Boeing in a report on Monday, April 1st. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a positive rating for the company in a research note on Thursday, March 21st. Benchmark reaffirmed a buy rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reduced their target price on Boeing from $230.00 to $210.00 and set an overweight rating for the company in a research note on Friday, April 12th. Finally, Stifel Nicolaus reduced their target price on Boeing from $270.00 to $260.00 and set a buy rating for the company in a research note on Wednesday, April 10th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $229.35.

Boeing Stock Up 0.0 %

Shares of NYSE BA opened at $170.24 on Tuesday. The business’s 50 day moving average price is $191.08 and its 200 day moving average price is $207.28. The firm has a market cap of $103.87 billion, a P/E ratio of -46.26, a P/E/G ratio of 116.39 and a beta of 1.52. Boeing has a 52 week low of $167.53 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the company earned ($1.75) EPS. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts expect that Boeing will post 0.37 earnings per share for the current year.

Institutional Trading of Boeing

Several large investors have recently added to or reduced their stakes in the stock. CNB Bank lifted its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the 4th quarter worth about $26,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. Finally, True Wealth Design LLC purchased a new position in Boeing during the 4th quarter worth approximately $33,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

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.