Boeing (NYSE:BA) PT Lowered to $230.00 at JPMorgan Chase & Co.

Boeing (NYSE:BA) had its target price decreased by JPMorgan Chase & Co. from $270.00 to $230.00 in a research report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the aircraft producer’s stock.

Several other research analysts have also recently weighed in on the stock. Susquehanna cut their price target on shares of Boeing from $265.00 to $230.00 and set a positive rating on the stock in a report on Thursday, March 21st. Barclays boosted their target price on Boeing from $210.00 to $235.00 and gave the stock an equal weight rating in a research note on Wednesday, December 6th. Wells Fargo & Company decreased their price target on Boeing from $225.00 to $215.00 and set an equal weight rating for the company in a research report on Thursday, February 1st. TD Cowen cut their price objective on Boeing from $275.00 to $230.00 and set an outperform rating on the stock in a research report on Monday. Finally, UBS Group reduced their price objective on Boeing from $275.00 to $250.00 and set a buy rating for the company in a research note on Thursday, March 21st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $241.53.

Boeing Stock Up 0.5 %

BA stock opened at $192.83 on Monday. The stock’s 50 day moving average is $200.59 and its 200-day moving average is $209.84. Boeing has a twelve month low of $176.25 and a twelve month high of $267.54. The firm has a market capitalization of $117.65 billion, a PE ratio of -52.40, a P/E/G ratio of 30.31 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the business posted ($1.75) earnings per share. Boeing’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Boeing will post 1.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Institutional investors have recently made changes to their positions in the stock. CNB Bank boosted its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing during the 4th quarter valued at $28,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Boeing in the second quarter worth $32,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.