Boeing (NYSE:BA) Stock Gets Price Target Cut from TD Cowen

Boeing (NYSE:BA) had its price target trimmed by TD Cowen from $250.00 to $240.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the aircraft producer’s stock.

Other research analysts also recently issued research reports about the stock. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research note on Tuesday, August 11th. Robert W. Baird set a $300.00 price objective on shares of Boeing and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. Barclays initiated coverage on shares of Boeing in a research report on Thursday. They set an “overweight” rating and a $300.00 target price on the stock. Finally, BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $269.96.

Boeing Stock Performance

BA stock opened at $190.47 on Friday. Boeing has a twelve month low of $176.77 and a twelve month high of $254.35. The firm has a market cap of $150.54 billion, a price-to-earnings ratio of 82.45 and a beta of 1.26. The business’s fifty day simple moving average is $209.70 and its two-hundred day simple moving average is $215.98. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.24) earnings per share. Analysts predict that Boeing will post -0.94 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in BA. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Boeing by 1.4% during the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock worth $632,000 after purchasing an additional 44 shares during the period. Horizon Bancorp Inc. IN increased its holdings in shares of Boeing by 3.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock valued at $297,000 after purchasing an additional 45 shares in the last quarter. Meadowbrook Advisors Group LLC increased its holdings in Boeing by 2.5% in the first quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock valued at $389,000 after buying an additional 47 shares in the last quarter. Howe & Rusling Inc. grew its position in shares of Boeing by 2.5% during the 1st quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock valued at $403,000 after acquiring an additional 49 shares during the period. Finally, Paul R. Ried Financial Group LLC grew its position in shares of Boeing by 0.3% during the 1st quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock valued at $3,594,000 after acquiring an additional 49 shares during the period. Institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Aircraft lessor Avolon placed a firm order for 140 Boeing 737 MAX jets as part of a broader 250-aircraft transaction split with Airbus. The order reinforces demand for Boeing’s highest-volume commercial program. Boeing Lands Order for 140 737 MAX Jets
• Positive Sentiment: Boeing reported a total backlog of approximately $715 billion at the end of the second quarter, including $597 billion in commercial airplanes. The backlog provides long-term revenue visibility if the company can improve delivery rates and production execution. Boeing’s Strategic Push to Balance Rising Demand with Operational Bottlenecks
• Positive Sentiment: Southwest Airlines is reportedly leaning toward Boeing’s 787 Dreamliner for a potential long-haul international expansion, which could create a meaningful future widebody order. Southwest Airlines Weighs Boeing 787
• Positive Sentiment: Boeing’s defense business could benefit from rising demand for infrared search-and-track systems, while its approximately $14.7 billion PAC-3 seeker contract with Lockheed Martin adds longer-term defense visibility. Rising IRST Demand and Boeing’s Defense Outlook
• Positive Sentiment: Barclays included Boeing among its aerospace and defense stock picks tied to a “modern-day industrial revolution,” supporting the bullish long-term investment case. Boeing and More Buys for the Modern-Day Industrial Revolution
• Neutral Sentiment: TD Cowen lowered its Boeing price target from $250 to $240 but maintained a Buy rating, indicating reduced near-term confidence while still seeing substantial upside potential. TD Cowen Cuts Aerospace Targets
• Negative Sentiment: Investors remain concerned about Boeing’s approaching debt repayments, high leverage, production delays and weak returns on invested capital. The company’s large backlog will not translate into cash flow quickly unless deliveries accelerate. Boeing Faces a Debt Wall

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.