Boeing (NYSE:BA) Price Target Lowered to $190.00 at Barclays

Boeing (NYSE:BA) had its target price cut by Barclays from $235.00 to $190.00 in a research report released on Monday morning, Benzinga reports. They currently have an equal weight rating on the aircraft producer’s stock.

A number of other equities analysts also recently weighed in on the company. UBS Group dropped their target price on Boeing from $275.00 to $250.00 and set a buy rating on the stock in a report on Thursday, March 21st. Stifel Nicolaus dropped their target price on Boeing from $270.00 to $260.00 and set a buy rating on the stock in a report on Wednesday, April 10th. Northcoast Research downgraded Boeing from a neutral rating to a sell rating and set a $140.00 target price on the stock. in a report on Wednesday, April 17th. Royal Bank of Canada dropped their target price on Boeing from $225.00 to $215.00 and set an outperform rating on the stock in a report on Tuesday, April 16th. Finally, Citigroup dropped their price objective on Boeing from $263.00 to $252.00 and set a buy rating on the stock in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $226.71.

Boeing Trading Down 2.9 %

NYSE BA opened at $164.34 on Monday. The stock’s 50-day moving average price is $188.03 and its two-hundred day moving average price is $206.89. The company has a market cap of $100.27 billion, a PE ratio of -44.66, a PEG ratio of 135.00 and a beta of 1.52. Boeing has a 1 year low of $162.74 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.75) EPS. Research analysts forecast that Boeing will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Boeing

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Boeing by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after acquiring an additional 892,446 shares during the period. Capital Research Global Investors boosted its position in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Morgan Stanley boosted its position in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after acquiring an additional 52,081 shares during the period. 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.