Boeing (NYSE:BA) Price Target Cut to $225.00 by Analysts at Deutsche Bank Aktiengesellschaft

Boeing (NYSE:BA) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from $240.00 to $225.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 34.52% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. The Goldman Sachs Group lowered their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Wednesday, April 17th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada lowered their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $222.41.

Boeing Price Performance

BA opened at $167.26 on Thursday. Boeing has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $102.05 billion, a price-to-earnings ratio of -47.12, a PEG ratio of 130.13 and a beta of 1.52. The business has a fifty day moving average price of $186.53 and a 200 day moving average price of $206.46.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the firm earned ($1.75) earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that Boeing will post 0.32 earnings per share for the current year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Boeing by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after acquiring an additional 892,446 shares during the last quarter. Capital Research Global Investors raised its stake in Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Morgan Stanley raised its stake in Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after acquiring an additional 52,081 shares during the last quarter. 64.82% of the stock is 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.