Deutsche Bank Aktiengesellschaft Lowers Boeing (NYSE:BA) Price Target to $225.00

Boeing (NYSE:BA) had its price objective decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from $240.00 to $225.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 37.05% from the company’s previous close.

Several other analysts also recently commented on the company. Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Citigroup lowered their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Sanford C. Bernstein lowered their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company reduced their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.06.

Boeing Trading Down 0.1 %

BA stock traded down $0.16 during trading on Thursday, reaching $164.17. 8,129,740 shares of the stock were exchanged, compared to its average volume of 9,730,188. The firm’s 50 day moving average is $188.03 and its 200 day moving average is $206.89. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market cap of $100.17 billion, a P/E ratio of -44.56, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned ($1.75) earnings per share. As a group, analysts predict that Boeing will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

A number of large investors have recently made changes to their positions in the stock. CNB Bank raised its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing in the fourth quarter worth $26,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing in the fourth quarter worth $28,000. Finally, Vima LLC purchased a new stake in shares of Boeing in the fourth quarter worth $34,000. 64.82% of the stock is owned by institutional investors.

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.