Boeing (NYSE:BA) Rating Reiterated by Susquehanna

Susquehanna reiterated their positive rating on shares of Boeing (NYSE:BA) in a research note released on Wednesday, Benzinga reports. The brokerage currently has a $230.00 price target on the aircraft producer’s stock.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Boeing from $190.00 to $185.00 and set an equal weight rating on the stock in a research report on Friday, August 2nd. StockNews.com downgraded Boeing from a hold rating to a sell rating in a report on Friday, April 26th. 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. UBS Group dropped their price target on Boeing from $250.00 to $240.00 and set a buy rating on the stock in a research report on Friday, June 7th. Finally, Sanford C. Bernstein dropped their price objective on Boeing from $222.00 to $207.00 and set an outperform rating on the stock in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $215.18.

Boeing Stock Up 2.0 %

NYSE:BA opened at $179.99 on Wednesday. The company has a market cap of $110.49 billion, a P/E ratio of -50.70 and a beta of 1.56. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54. The business has a 50 day moving average price of $179.34 and a two-hundred day moving average price of $184.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. Boeing’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the company earned ($0.82) earnings per share. As a group, analysts anticipate that Boeing will post -2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

Institutional investors and hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing during the 4th quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new position in Boeing in the fourth quarter worth approximately $28,000. Vima LLC purchased a new position in Boeing in the fourth quarter worth approximately $34,000. Finally, Accent Capital Management LLC purchased a new position in Boeing in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds 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.