Boeing (NYSE:BA) Stock Gets Price Target Trim from Royal Bank Of Canada

Boeing (NYSE:BA) had its price objective decreased by Royal Bank Of Canada from $265.00 to $235.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the aircraft producer’s stock.

A number of other analysts have also weighed in on BA. TD Cowen lowered their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, October 9th. Rothschild & Co Redburn increased their target price on Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. William Blair reiterated an “outperform” rating on shares of Boeing in a report on Wednesday, September 30th. Finally, DZ Bank reissued a “buy” rating on shares of Boeing in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $266.96.

Boeing Price Performance

Shares of BA opened at $189.98 on Thursday. The company has a 50 day moving average price of $204.93 and a 200-day moving average price of $215.57. Boeing has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The stock has a market capitalization of $150.16 billion, a PE ratio of 82.24 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.24) earnings per share. Equities analysts predict that Boeing will post -0.96 earnings per share for the current fiscal year.

Institutional Trading of Boeing

A number of institutional investors have recently modified their holdings of BA. B.O.S.S. Retirement Advisors LLC lifted its position in Boeing by 1.4% during the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock worth $632,000 after buying an additional 44 shares in the last quarter. Horizon Bancorp Inc. IN grew its holdings in Boeing by 3.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock valued at $297,000 after buying an additional 45 shares in the last quarter. Meadowbrook Advisors Group LLC grew its holdings in Boeing by 2.5% in the 1st quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock valued at $389,000 after buying an additional 47 shares in the last quarter. Howe & Rusling Inc. grew its holdings in Boeing by 2.5% in the 1st quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock valued at $403,000 after buying an additional 49 shares in the last quarter. Finally, Paul R. Ried Financial Group LLC increased its stake in shares of Boeing by 0.3% in the 1st quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after acquiring an additional 49 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

About Boeing

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.