Boeing (NYSE:BA) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Boeing (NYSE:BA) in a research report sent to investors on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a $225.00 price objective on the aircraft producer’s stock.

A number of other equities analysts have also recently weighed in on the company. UBS Group lowered their price target on Boeing from $250.00 to $240.00 and set a buy rating for the company in a report on Friday, June 7th. Barclays lowered their price target on Boeing from $235.00 to $190.00 and set an equal weight rating for the company in a report on Monday, April 22nd. Northcoast Research cut Boeing from a neutral rating to a sell rating and set a $140.00 price target for the company. in a report on Wednesday, April 17th. Citigroup lowered their price target on Boeing from $252.00 to $224.00 and set a buy rating for the company in a report on Thursday, April 25th. Finally, Susquehanna reiterated a positive rating and set a $230.00 price target on shares of Boeing in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing presently has an average rating of Moderate Buy and an average price target of $220.89.

Boeing Stock Up 2.3 %

Shares of BA opened at $182.58 on Tuesday. Boeing has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a market capitalization of $112.08 billion, a PE ratio of -51.46 and a beta of 1.55. The stock has a fifty day simple moving average of $178.00 and a two-hundred day simple moving average of $199.34.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, equities analysts anticipate that Boeing will post -1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in BA. Trust Co. of Vermont lifted its position in shares of Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the last quarter. WealthPlan Investment Management LLC lifted its position in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares during the last quarter. RB Capital Management LLC increased its stake in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares during the period. Finally, M&R Capital Management Inc. increased its stake in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Hedge funds and other 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.