Boeing (NYSE:BA) Given a $200.00 Price Target by Royal Bank of Canada Analysts

Posted by on Aug 2nd, 2022

Royal Bank of Canada set a $200.00 price objective on Boeing (NYSE:BA – Get Rating) in a report published on Monday, Borsen Zeitung reports.

Several other analysts have also commented on BA. Susquehanna lowered their price objective on shares of Boeing from $193.00 to $192.00 in a research report on Friday, May 20th. Sanford C. Bernstein lowered their price objective on shares of Boeing from $239.00 to $216.00 in a research report on Thursday, April 28th. Bank of America lifted their price objective on shares of Boeing from $150.00 to $170.00 and gave the stock a neutral rating in a research report on Friday, July 15th. The Goldman Sachs Group set a $281.00 price objective on shares of Boeing in a research report on Monday. Finally, Benchmark lowered their price objective on shares of Boeing from $250.00 to $200.00 and set a buy rating on the stock in a research report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $219.56.

Boeing Stock Performance

Boeing stock opened at $169.07 on Monday. Boeing has a fifty-two week low of $113.02 and a fifty-two week high of $241.15. The firm’s 50-day simple moving average is $140.60 and its 200 day simple moving average is $167.67.

Boeing (NYSE:BA – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The company had revenue of $16.68 billion for the quarter, compared to analyst estimates of $17.53 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Boeing will post -1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently made changes to their positions in BA. Bank of Montreal Can boosted its stake in shares of Boeing by 165.0% in the 4th quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft producer’s stock valued at $1,015,817,000 after purchasing an additional 2,725,602 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Boeing by 19.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock valued at $2,691,231,000 after buying an additional 2,210,908 shares during the period. BlackRock Inc. boosted its position in Boeing by 2.9% during the 1st quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock valued at $6,065,627,000 after buying an additional 887,382 shares during the period. Renaissance Technologies LLC purchased a new stake in Boeing during the 1st quarter valued at $135,429,000. Finally, Wellington Management Group LLP boosted its position in Boeing by 125.0% during the 1st quarter. Wellington Management Group LLP now owns 1,139,143 shares of the aircraft producer’s stock valued at $218,147,000 after buying an additional 632,913 shares during the period. Hedge funds and other institutional investors own 53.96% of the company’s stock.

Boeing Company Profile

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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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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