Credit Suisse Group reissued their neutral rating on shares of Boeing (NYSE:BA) in a research report sent to investors on Wednesday, Borsen Zeitung reports. They currently have a $156.00 price objective on the aircraft producer’s stock.
Several other research firms have also commented on BA. Citigroup lowered Boeing from a buy rating to a neutral rating and set a $175.00 price target for the company. in a research report on Monday, April 20th. Seaport Global Securities initiated coverage on Boeing in a research report on Monday, June 8th. They issued a buy rating and a $277.00 price target for the company. UBS Group reduced their price target on Boeing from $284.00 to $150.00 and set a neutral rating for the company in a research report on Wednesday, April 8th. Cowen reissued a hold rating on shares of Boeing in a research report on Sunday, June 7th. Finally, Berenberg Bank set a $150.00 price target on Boeing and gave the stock a sell rating in a research report on Thursday, June 25th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $217.38.
Shares of NYSE BA opened at $158.00 on Wednesday. The business has a fifty day simple moving average of $180.12 and a two-hundred day simple moving average of $204.01. Boeing has a twelve month low of $89.00 and a twelve month high of $391.00.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 29th. The aircraft producer reported ($4.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.93) by ($1.86). The firm had revenue of $11.81 billion for the quarter, compared to the consensus estimate of $12.95 billion. Boeing had a negative net margin of 4.27% and a negative return on equity of 3.08%. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the firm earned ($5.82) earnings per share. Research analysts expect that Boeing will post -6.26 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of BA. Cordasco Financial Network purchased a new stake in Boeing during the 1st quarter valued at about $26,000. MBE Wealth Management LLC purchased a new stake in shares of Boeing in the first quarter worth about $26,000. Marquette Asset Management LLC boosted its stake in shares of Boeing by 316.7% in the first quarter. Marquette Asset Management LLC now owns 200 shares of the aircraft producer’s stock worth $30,000 after buying an additional 152 shares during the last quarter. Rocky Mountain Advisers LLC boosted its stake in shares of Boeing by 100.0% in the first quarter. Rocky Mountain Advisers LLC now owns 200 shares of the aircraft producer’s stock worth $30,000 after buying an additional 100 shares during the last quarter. Finally, NuWave Investment Management LLC purchased a new stake in shares of Boeing in the second quarter worth about $30,000. Institutional investors and hedge funds own 61.66% of the company’s stock.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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