The Boeing Company (NYSE:BA – Get Free Report)’s stock price was down 0.3% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $235.00 to $190.00. Barclays currently has an equal weight rating on the stock. Boeing traded as low as $169.26 and last traded at $169.95. Approximately 1,571,840 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 9,533,256 shares. The stock had previously closed at $170.48.
Several other brokerages have also recently weighed in on BA. JPMorgan Chase & Co. reduced their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Morgan Stanley dropped their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Stifel Nicolaus dropped their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Susquehanna dropped their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.
Check Out Our Latest Stock Report on Boeing
Hedge Funds Weigh In On Boeing
Boeing Trading Down 0.7 %
The stock has a market cap of $103.29 billion, a PE ratio of -46.18, a P/E/G ratio of 134.48 and a beta of 1.52. The company has a fifty day moving average of $189.51 and a 200-day moving average of $207.32.
Boeing (NYSE:BA – Get Free Report) 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. As a group, research analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current fiscal year.
About Boeing
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.
Featured Articles
- Five stocks we like better than Boeing
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Charles Schwab Fortifies its Uptrend on EPS Beat
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Market Cap Calculator: How to Calculate Market Cap
- Beyond the Halving: The Future of Bitcoin Mining Stocks
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.