Deutsche Bank Aktiengesellschaft Trims Boeing (NYSE:BA) Target Price to $195.00

Boeing (NYSE:BA) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $225.00 to $195.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the aircraft producer’s stock.

BA has been the topic of several other reports. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an outperform rating on the stock in a research note on Monday, August 5th. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the company a neutral rating in a research note on Thursday, June 13th. Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a buy rating on the stock in a report on Monday, September 23rd. Wells Fargo & Company lowered their price target on shares of Boeing from $119.00 to $110.00 and set an underweight rating for the company in a report on Tuesday, October 1st. Finally, UBS Group reduced their price objective on shares of Boeing from $250.00 to $240.00 and set a buy rating on the stock in a report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of Moderate Buy and a consensus price target of $206.00.

Boeing Price Performance

Shares of BA stock opened at $155.00 on Thursday. The company has a 50-day moving average of $165.48 and a two-hundred day moving average of $175.15. The firm has a market cap of $95.15 billion, a PE ratio of -43.66 and a beta of 1.57. Boeing has a 1-year low of $149.49 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its earnings results 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 during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) earnings per share. Sell-side analysts anticipate that Boeing will post -4.27 EPS for the current fiscal year.

Institutional Trading of Boeing

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Boeing in the first quarter valued at about $272,312,000. Vanguard Group Inc. increased its stake in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Boeing by 9,626.0% during the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after purchasing an additional 1,015,542 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.