Boeing (NYSE:BA) PT Lowered to $195.00 at JPMorgan Chase & Co.

Boeing (NYSE:BA) had its target price decreased by JPMorgan Chase & Co. from $235.00 to $195.00 in a report published on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the aircraft producer’s stock.

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group cut their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. TD Cowen lowered their price target on shares of Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Finally, Wells Fargo & Company reduced their price objective on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.32.

Boeing Trading Up 0.3 %

BA stock opened at $155.31 on Monday. Boeing has a 1-year low of $146.02 and a 1-year high of $267.54. The business’s 50 day moving average is $161.36 and its 200-day moving average is $172.88. The firm has a market cap of $95.34 billion, a P/E ratio of -43.75 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter last year, the company earned ($0.82) earnings per share. The company’s revenue was down 14.6% on a year-over-year basis. Sell-side analysts forecast that Boeing will post -5.35 EPS for the current year.

Institutional Trading of Boeing

Large investors have recently bought and sold shares of the business. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the 2nd quarter worth $34,000. McClarren Financial Advisors Inc. increased its holdings in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boeing in the second quarter valued at about $39,000. 64.82% of the stock is owned by 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.