UBS Group Cuts Boeing (NYSE:BA) Price Target to $250.00

Boeing (NYSE:BAFree Report) had its price objective reduced by UBS Group from $275.00 to $250.00 in a research note released on Thursday, Benzinga reports. UBS Group currently has a buy rating on the aircraft producer’s stock.

BA has been the subject of a number of other reports. Susquehanna lowered their price objective on shares of Boeing from $306.00 to $279.00 and set a positive rating for the company in a research report on Thursday, January 18th. Barclays lifted their target price on shares of Boeing from $210.00 to $235.00 and gave the stock an equal weight rating in a research report on Wednesday, December 6th. Edward Jones lowered Boeing from a buy rating to a hold rating in a research report on Monday, January 8th. Stifel Nicolaus began coverage on shares of Boeing in a research note on Friday, December 1st. They set a buy rating and a $265.00 target price for the company. Finally, William Blair started coverage on Boeing in a research note on Tuesday, December 12th. They set an outperform rating for the company. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $244.56.

Check Out Our Latest Analysis on BA

Boeing Stock Performance

NYSE:BA opened at $188.85 on Thursday. Boeing has a 52 week low of $176.25 and a 52 week high of $267.54. The firm’s 50-day simple moving average is $201.60 and its 200 day simple moving average is $210.44. The firm has a market cap of $115.22 billion, a price-to-earnings ratio of -51.32, a P/E/G ratio of 26.15 and a beta of 1.52.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the business posted ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Boeing will post 1.79 EPS for the current year.

Institutional Trading of Boeing

Institutional investors and hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its stake in Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares during the last quarter. Capital Research Global Investors boosted its holdings in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Jennison Associates LLC acquired a new stake in Boeing during the fourth quarter valued at $960,397,000. Wellington Management Group LLP increased its holdings in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after buying an additional 2,921,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the period. 61.33% of the stock is currently owned by institutional investors.

Boeing Company Profile

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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.

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Analyst Recommendations for Boeing (NYSE:BA)

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