Boeing (NYSE:BA) Price Target Cut to $210.00 by Analysts at TD Cowen

Boeing (NYSE:BA) had its target price reduced by equities researchers at TD Cowen from $240.00 to $210.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the aircraft producer’s stock. TD Cowen‘s target price would suggest a potential upside of 24.94% from the stock’s current price.

A number of other brokerages have also weighed in on BA. Langenberg & Company set a $250.00 price objective on Boeing in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Monday, October 19th. DZ Bank reiterated a “buy” rating on shares of Boeing in a research note on Thursday, August 6th. Cantor Fitzgerald cut Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Finally, Bank of America reissued a “buy” rating and set a $270.00 price target on shares of Boeing in a research report on Friday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.19.

Boeing Stock Performance

Shares of BA opened at $168.09 on Wednesday. Boeing has a 12-month low of $167.41 and a 12-month high of $254.35. The company has a 50-day moving average of $199.09 and a two-hundred day moving average of $218.16.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The business had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the firm earned ($7.47) earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Boeing will post -1.08 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TOWER TRUST & INVESTMENT Co raised its holdings in Boeing by 4.3% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 5,562 shares of the aircraft producer’s stock valued at $1,035,000 after buying an additional 227 shares during the period. D.A. Davidson & CO. grew its stake in shares of Boeing by 2.9% in the 3rd quarter. D.A. Davidson & CO. now owns 228,642 shares of the aircraft producer’s stock valued at $42,539,000 after purchasing an additional 6,403 shares during the last quarter. BOKF NA lifted its holdings in shares of Boeing by 47.9% in the 3rd quarter. BOKF NA now owns 16,162 shares of the aircraft producer’s stock valued at $3,007,000 after buying an additional 5,235 shares during the period. DecisionPoint Financial LLC increased its holdings in Boeing by 112.3% during the 3rd quarter. DecisionPoint Financial LLC now owns 847 shares of the aircraft producer’s stock valued at $163,000 after acquiring an additional 448 shares in the last quarter. Finally, North Dakota State Investment Board lifted its stake in shares of Boeing by 3.6% during the third quarter. North Dakota State Investment Board now owns 23,282 shares of the aircraft producer’s stock valued at $4,332,000 after buying an additional 814 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported revenue of $24.19 billion, up 3.9% year over year, while its net loss narrowed substantially from the prior-year period. Operating cash flow reached $1.5 billion and free cash flow was positive for a second consecutive quarter. Boeing Reports Third Quarter Results
• Positive Sentiment: Total backlog increased to a record $745 billion, including more than 6,300 commercial aircraft. Boeing also received FAA certification milestones for the 737-7 and 737-10 and was selected for the U.S. Navy’s F/A-XX fighter program. Boeing Reports Third Quarter Revenue and Net Loss
• Positive Sentiment: Several analysts remain constructive on Boeing’s long-term recovery. Langenberg upgraded the stock to Buy with a $250 target, while Citi maintained a Buy rating with a $260 target; Susquehanna and Baird also retained positive ratings despite reducing their targets. Analyst Upgrades Boeing
• Positive Sentiment: Boeing forecasts that global air-cargo traffic will double by 2045, potentially requiring nearly 3,000 new or converted freighters and supporting long-term demand for its cargo aircraft. Boeing Global Freighter Fleet Forecast
• Neutral Sentiment: Boeing’s CFO expects 787 margins to exceed 2018 levels by 2029, but 737 margins are expected to recover more slowly and remain below historical peaks. Boeing Margin Outlook
• Negative Sentiment: Adjusted EPS was a $0.34 loss, worse than the expected $0.25 loss. The Commercial Airplanes division posted a $697 million operating loss, highlighting continuing cost and production problems. Boeing Jetliner Production Challenges
• Negative Sentiment: Boeing pushed its 737 production ramp to 2027, with the 52-aircraft-per-month target delayed until the second half of that year. The company also indicated that its $3 billion free-cash-flow milestone has shifted to 2027, increasing uncertainty around the turnaround timeline. Boeing 737 Ramp Delay
• Negative Sentiment: Boeing halted share buybacks during the third quarter to preserve liquidity, while a law firm announced an investigation related to the Spirit AeroSystems merger, adding further pressure to sentiment. Boeing Halts Share Buybacks

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.