Boeing (BA) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Boeing (NYSE: BA):

• 8/1/2022 – Boeing was given a new $200.00 price target on by analysts at Royal Bank of Canada.
• 8/1/2022 – Boeing was given a new $281.00 price target on by analysts at The Goldman Sachs Group, Inc..
• 7/29/2022 – Boeing was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 7/28/2022 – Boeing had its price target lowered by analysts at Wells Fargo & Company from $214.00 to $210.00. They now have an “overweight” rating on the stock.
• 7/28/2022 – Boeing had its price target raised by analysts at JPMorgan Chase & Co. from $188.00 to $200.00.
• 7/15/2022 – Boeing had its price target raised by analysts at Bank of America Co. from $150.00 to $170.00. They now have a “neutral” rating on the stock.
• 7/15/2022 – Boeing had its price target lowered by analysts at Benchmark Co. from $250.00 to $200.00. They now have a “buy” rating on the stock.
• 7/14/2022 – Boeing was given a new $200.00 price target on by analysts at Royal Bank of Canada. They now have an “outperform” rating on the stock.
• 7/13/2022 – Boeing had its price target lowered by analysts at JPMorgan Chase & Co. from $190.00 to $188.00. They now have an “overweight” rating on the stock.
• 7/13/2022 – Boeing was given a new $288.00 price target on by analysts at The Goldman Sachs Group, Inc.. They now have a “buy” rating on the stock.
• 7/12/2022 – Boeing had its price target lowered by analysts at Royal Bank of Canada from $220.00 to $200.00. They now have an “outperform” rating on the stock.
• 7/7/2022 – Boeing had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $245.00 price target on the stock.
• 6/16/2022 – Boeing was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $209.00 price target on the stock, down previously from $219.00.
• 6/10/2022 – Boeing was given a new $220.00 price target on by analysts at Royal Bank of Canada.

Boeing Trading Up 2.1 %

Boeing stock opened at $166.64 on Thursday. The firm has a market capitalization of $98.95 billion, a P/E ratio of -18.62 and a beta of 1.38. The stock has a fifty day moving average price of $142.37 and a 200 day moving average price of $167.63. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $241.15.

Boeing (NYSE:BA – Get Rating) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The company had revenue of $16.68 billion during the quarter, compared to analysts’ expectations of $17.53 billion. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. As a group, equities analysts predict that The Boeing Company will post -1.75 EPS for the current year.

Institutional Investors Weigh In On Boeing

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $16,701,000. CWM LLC purchased a new position in Boeing in the fourth quarter valued at about $2,806,000. Qube Research & Technologies Ltd purchased a new position in Boeing in the fourth quarter valued at about $8,799,000. Ellis Investment Partners LLC boosted its holdings in Boeing by 94.1% in the fourth quarter. Ellis Investment Partners LLC now owns 198 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 96 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in Boeing by 137.1% in the fourth quarter. FDx Advisors Inc. now owns 17,202 shares of the aircraft producer’s stock valued at $3,463,000 after purchasing an additional 9,948 shares during the last quarter. 53.96% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

• Get a free copy of the StockNews.com research report on Boeing (BA)
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