Shares of The Boeing Company (NYSE:BA – Get Free Report) dropped 0.3% during trading on Tuesday after Barclays lowered their price target on the stock from $235.00 to $190.00. Barclays currently has an equal weight rating on the stock. Boeing traded as low as $169.26 and last traded at $169.95. Approximately 1,571,840 shares changed hands during trading, a decline of 84% from the average daily volume of 9,533,256 shares. The stock had previously closed at $170.48.
Several other analysts also recently commented on BA. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Citigroup cut their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Bank of America cut their price objective on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Royal Bank of Canada dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Susquehanna dropped their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.
Check Out Our Latest Report on BA
Hedge Funds Weigh In On Boeing
Boeing Trading Down 0.7 %
The company has a market cap of $103.29 billion, a P/E ratio of -46.18, a PEG ratio of 134.48 and a beta of 1.52. The business’s 50 day simple moving average is $189.51 and its 200 day simple moving average is $207.32.
Boeing (NYSE:BA – Get Free Report) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) EPS. Boeing’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post 0.32 EPS for the current year.
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.
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