Boeing (NYSE:BA) PT Lowered to $400.00

Boeing (NYSE:BA) had its price target lowered by analysts at Bank of America from $415.00 to $400.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the aircraft producer’s stock. Bank of America‘s price target would indicate a potential upside of 16.28% from the company’s current price.

BA has been the topic of a number of other research reports. Robert W. Baird reiterated an “outperform” rating and issued a $445.00 target price (down previously from $470.00) on shares of Boeing in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. Goldman Sachs Group reiterated a “neutral” rating and issued a $375.00 target price on shares of Boeing in a research note on Friday, July 12th. Buckingham Research set a $395.00 price target on Boeing and gave the company a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. cut their price target on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, ValuEngine lowered Boeing from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $402.42.

BA stock opened at $344.00 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The business’s fifty day simple moving average is $373.16 and its two-hundred day simple moving average is $362.44. Boeing has a twelve month low of $292.47 and a twelve month high of $446.01. The firm has a market cap of $207.67 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 12.51 and a beta of 1.25.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. During the same quarter last year, the firm posted $3.33 earnings per share. The business’s revenue was down 35.1% compared to the same quarter last year. Research analysts expect that Boeing will post 3.26 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. NuWave Investment Management LLC grew its stake in Boeing by 554.5% in the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Nordea Investment Management AB grew its stake in Boeing by 128.1% in the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 41 shares during the last quarter. Guidant Wealth Advisors purchased a new position in Boeing in the second quarter valued at about $28,000. Atwater Malick LLC purchased a new position in Boeing in the third quarter valued at about $39,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Boeing in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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