Boeing’s (BA) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Boeing (NYSE:BA) in a research note released on Wednesday, Benzinga reports. The firm currently has a $200.00 target price on the aircraft producer’s stock.

BA has been the topic of several other reports. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. TD Cowen cut their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Citigroup decreased their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $190.42.

Boeing Trading Up 3.5 %

NYSE BA opened at $154.59 on Wednesday. The company’s fifty day simple moving average is $157.46 and its 200-day simple moving average is $171.00. The stock has a market cap of $95.57 billion, a P/E ratio of -11.98 and a beta of 1.57. Boeing has a 52 week low of $146.02 and a 52 week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted ($3.26) earnings per share. Boeing’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts expect that Boeing will post -16.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BA. XML Financial LLC raised its stake in shares of Boeing by 10.6% during the third quarter. XML Financial LLC now owns 9,425 shares of the aircraft producer’s stock valued at $1,433,000 after purchasing an additional 906 shares in the last quarter. GSG Advisors LLC lifted its stake in shares of Boeing by 7.8% in the 3rd quarter. GSG Advisors LLC now owns 1,423 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 103 shares during the period. Kerusso Capital Management LLC boosted its holdings in shares of Boeing by 6.5% in the third quarter. Kerusso Capital Management LLC now owns 10,940 shares of the aircraft producer’s stock valued at $1,663,000 after acquiring an additional 668 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Boeing by 2.2% during the third quarter. Lindbrook Capital LLC now owns 12,444 shares of the aircraft producer’s stock worth $1,892,000 after purchasing an additional 266 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Boeing by 65.2% during the third quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 417 shares in the last quarter. 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.