Susquehanna Boosts Boeing (NYSE:BA) Price Target to $230.00

Boeing (NYSE:BA) had its target price hoisted by equities researchers at Susquehanna from $220.00 to $230.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “positive” rating on the aircraft producer’s stock. Susquehanna’s price objective points to a potential upside of 20.67% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on BA. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Wednesday, April 17th. Morgan Stanley reduced their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Sanford C. Bernstein reduced their target price on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $217.71.

Boeing Trading Up 2.0 %

BA opened at $190.60 on Thursday. The stock has a market capitalization of $117.01 billion, a PE ratio of -53.69 and a beta of 1.56. Boeing has a 1-year low of $159.70 and a 1-year high of $267.54. The firm has a 50-day moving average price of $181.84 and a two-hundred day moving average price of $187.77.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.82) EPS. On average, research analysts predict that Boeing will post -2.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SouthState Corp boosted its stake in shares of Boeing by 2.7% in the 4th quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock valued at $493,000 after purchasing an additional 50 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in Boeing by 2.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock valued at $661,000 after buying an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Boeing by 1.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock worth $1,094,000 after purchasing an additional 50 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Boeing by 1.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 3,077 shares of the aircraft producer’s stock worth $802,000 after purchasing an additional 52 shares during the last quarter. Finally, Davis R M Inc. raised its holdings in Boeing by 1.8% during the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.