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

Boeing (NYSE:BA) had its target price decreased by Deutsche Bank Aktiengesellschaft from $240.00 to $225.00 in a research note published on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the aircraft producer’s stock.

BA has been the topic of a number of other reports. Edward Jones cut Boeing from a buy rating to a hold rating in a research note on Monday, January 8th. Stifel Nicolaus cut their target price on Boeing from $270.00 to $260.00 and set a buy rating on the stock in a research note on Wednesday, April 10th. Northcoast Research cut Boeing from a neutral rating to a sell rating and set a $140.00 target price on the stock. in a research note on Wednesday, April 17th. The Goldman Sachs Group cut their target price on Boeing from $268.00 to $257.00 and set a buy rating on the stock in a research note on Monday, March 25th. Finally, Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a neutral rating on the stock in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of Moderate Buy and a consensus price target of $222.41.

Boeing Trading Up 0.2 %

Shares of NYSE:BA opened at $167.22 on Thursday. The stock’s 50-day moving average price is $186.53 and its 200-day moving average price is $206.55. Boeing has a 12-month low of $159.70 and a 12-month high of $267.54. The stock has a market capitalization of $102.65 billion, a P/E ratio of -47.10, a price-to-earnings-growth ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the business posted ($1.75) earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts predict that Boeing will post 0.3 EPS for the current year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently bought and sold shares of BA. GHP Investment Advisors Inc. lifted its holdings in shares of Boeing by 81.0% during the third quarter. GHP Investment Advisors Inc. now owns 1,788 shares of the aircraft producer’s stock valued at $331,000 after purchasing an additional 800 shares during the last quarter. Strategic Blueprint LLC lifted its holdings in shares of Boeing by 24.4% during the third quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer’s stock valued at $581,000 after purchasing an additional 595 shares during the last quarter. Secure Asset Management LLC lifted its holdings in shares of Boeing by 20.5% during the third quarter. Secure Asset Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $328,000 after purchasing an additional 291 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Boeing by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 303,662 shares of the aircraft producer’s stock valued at $58,206,000 after purchasing an additional 5,888 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Boeing by 7.8% during the third quarter. MBM Wealth Consultants LLC now owns 4,864 shares of the aircraft producer’s stock valued at $899,000 after purchasing an additional 350 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

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.