Boeing (NYSE:BA) Price Target Cut to $180.00 by Analysts at Morgan Stanley

Boeing (NYSE:BAFree Report) had its target price lowered by Morgan Stanley from $235.00 to $180.00 in a research report report published on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the aircraft producer’s stock.

Several other brokerages have also issued reports on BA. Melius reiterated a hold rating on shares of Boeing in a research report on Monday, April 1st. Northcoast Research downgraded shares of Boeing from a buy rating to a neutral rating in a research note on Friday, February 23rd. TD Cowen decreased their target price on shares of Boeing from $275.00 to $230.00 and set an outperform rating on the stock in a research note on Monday, March 25th. Benchmark reaffirmed a buy rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Boeing from $268.00 to $257.00 and set a buy rating on the stock in a research note on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $236.53.

View Our Latest Research Report on BA

Boeing Trading Down 2.2 %

BA stock opened at $169.55 on Wednesday. The firm has a 50 day moving average of $194.23 and a 200-day moving average of $208.02. Boeing has a 12 month low of $169.37 and a 12 month high of $267.54. The firm has a market capitalization of $103.45 billion, a P/E ratio of -46.07, a price-to-earnings-growth ratio of 68.07 and a beta of 1.52.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during 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% compared to the same quarter last year. Sell-side analysts predict that Boeing will post 0.64 EPS for the current year.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CNB Bank increased its holdings in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. Evolution Advisers Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in Boeing in the 2nd quarter worth approximately $32,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

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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.

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Analyst Recommendations for Boeing (NYSE:BA)

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