4 hours Ago By ABMN Staff
The Boeing Company ( NYSE:BA – Get Free Report ) has been assigned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $195.
00. A number of analysts have weighed in on the company. Morgan Stanley decreased their price objective on Boeing from $195.
00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.
00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co.
raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday.
Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Robert W.
Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th.
View Our Latest Analysis on Boeing Boeing Price Performance Boeing ( NYSE:BA – Get Free Report ) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.
60) by ($4.30). During the same quarter last year, the firm earned ($0.
47) EPS. As a group, analysts anticipate that Boeing will post -1.61 earnings per share for the current year.
Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Boeing by 2.3% during the 3rd quarter.
State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the last quarter. Geode Capital Management LLC grew its stake in Boeing by 2.8% in the 3rd quarter.
Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after acquiring an additional 320,415 shares during the period. Jennison Associates LLC raised its holdings in Boeing by 9.9% in the 3rd quarter.
Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after acquiring an additional 602,143 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Boeing by 6.0% during the 3rd quarter.
Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after purchasing an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Boeing by 1.
5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after purchasing an additional 48,637 shares during the last quarter.
64.82% of the stock is currently owned by institutional investors and hedge funds. Boeing Company Profile ( Get Free Report 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. Read More Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter .
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