Boeing’s (BA) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Boeing (NYSE:BA) in a report published on Tuesday, Benzinga reports. They currently have a $225.00 price objective on the aircraft producer’s stock.

BA has been the topic of several other research reports. Citigroup dropped their price objective on Boeing from $252.00 to $224.00 and set a buy rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an outperform rating for the company in a research note on Tuesday, April 16th. The Goldman Sachs Group decreased their price objective on shares of Boeing from $268.00 to $257.00 and set a buy rating for the company in a research note on Monday, March 25th. Baird R W upgraded Boeing to a strong-buy rating in a research note on Monday, June 3rd. Finally, TD Cowen cut their price objective on Boeing from $275.00 to $230.00 and set an outperform rating for the company in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $220.89.

Boeing Stock Down 0.3 %

BA opened at $182.05 on Tuesday. Boeing has a 52 week low of $159.70 and a 52 week high of $267.54. The firm has a 50-day simple moving average of $178.50 and a two-hundred day simple moving average of $198.77. The company has a market capitalization of $111.76 billion, a PE ratio of -51.28 and a beta of 1.55.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts expect that Boeing will post -1.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Capital Research Global Investors lifted its stake in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the period. Morgan Stanley increased its position in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Boeing by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after acquiring an additional 52,081 shares during the period. Institutional investors own 64.82% of the company’s stock.

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.