Jefferies Financial Group Cuts Boeing (NYSE:BA) Price Target to $265.00

Boeing (NYSE:BA) had its target price cut by Jefferies Financial Group from $295.00 to $265.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the aircraft producer’s stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Barclays downgraded shares of Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $300.00 price target on Boeing in a research report on Wednesday, July 29th. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Finally, Btg Pactual set a $260.00 price target on Boeing in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.95.

Boeing Trading Up 0.9%

NYSE:BA opened at $199.58 on Monday. The company has a market capitalization of $157.74 billion, a P/E ratio of 86.40 and a beta of 1.21. The stock’s 50 day moving average price is $215.06 and its 200 day moving average price is $217.67. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. Boeing has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.24) earnings per share. On average, research analysts forecast that Boeing will post -0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Boeing by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after buying an additional 533,753 shares during the period. Fisher Asset Management LLC boosted its position in shares of Boeing by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after acquiring an additional 135,860 shares during the period. Jupiter Topco LLC bought a new stake in shares of Boeing in the second quarter valued at approximately $911,878,000. Janus Henderson Group PLC increased its position in Boeing by 43.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after acquiring an additional 1,176,074 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Boeing by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,613,462 shares of the aircraft producer’s stock worth $784,555,000 after acquiring an additional 89,106 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major Turkish Airlines order: Boeing finalized an agreement for up to 150 737 MAX aircraft, including 100 firm 737-8 jets and options for 50 more. It is Turkish Airlines’ largest Boeing single-aisle order and strengthens Boeing’s commercial backlog. Boeing and Turkish Airlines Finalize Order for up to 150 737 MAX Jets
• Positive Sentiment: Additional international demand: Biman Bangladesh Airlines ordered 11 more aircraft—five 787-10 Dreamliners and six 737-8s—bringing its Boeing order book to 25 jets this year. The deal supports fleet modernization and further demonstrates demand for Boeing’s commercial aircraft. Biman Bangladesh Airlines Orders 11 More Boeing Jets to Expand Fleet
• Positive Sentiment: Backlog momentum continues: Korean Air’s finalized 103-aircraft commitment, valued at approximately $36.2 billion at list prices, includes 777, 787 and 737 models. The order is expected to support fleet expansion following Korean Air’s integration of Asiana Airlines, although much of it will replace existing aircraft. Boeing Strengthens its Backlog with Korean Air’s 103-Aircraft Commitment
• Positive Sentiment: Labor risk eased: Boeing’s engineers and technical employees union recommended that members approve the company’s latest contract offer, supporting production continuity and reducing the risk of another disruptive strike. Boeing’s Engineers Union Backs Latest Contract Offer
• Neutral Sentiment: Defense and technology opportunities: Boeing received a $33.4 million Air Force C-17 avionics-support contract and is testing satellite-connected military drones with Gogo. These contracts are strategically useful but relatively small compared with Boeing’s overall financial obligations.
• Negative Sentiment: Execution remains the key concern: Analysts and investors continue to question whether Boeing can raise production rates quickly enough to convert its large backlog into deliveries and cash flow. CEO Kelly Ortberg’s comments that the recovery is taking longer than expected pressured sentiment, while Boeing is urging suppliers to adopt more automation to improve manufacturing efficiency. Boeing’s Demand Is Strong. Can Production Finally Catch Up?
• Negative Sentiment: Valuation and balance-sheet risks: Despite the recent backlog wins, Boeing remains unprofitable on an adjusted basis, highly leveraged and exposed to cost overruns and delivery delays. Analysts are debating whether the stock’s decline has created a bargain or whether execution risks are already reflected in its valuation.
• Neutral Sentiment: China and trade uncertainty: Potential tariff reductions from the Trump-Xi talks could benefit Boeing, but expectations for a major breakthrough are limited. Reports that China is moving closer to a large Boeing order provide a possible catalyst, though timing and geopolitical approval remain uncertain.

Boeing Company Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.