Royal Bank Of Canada Cuts Boeing (NYSE:BA) Price Target to $265.00

Boeing (NYSE:BA) had its price objective trimmed by Royal Bank Of Canada from $275.00 to $265.00 in a report published on Wednesday morning, Marketbeat.com reports. The firm currently has an outperform rating on the aircraft producer’s stock.

A number of other equities research analysts have also issued reports on BA. Robert W. Baird set a $300.00 target price on shares of Boeing in a report on Wednesday. William Blair restated an “outperform” rating on shares of Boeing in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wolfe Research reissued an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $264.11.

Boeing Stock Down 1.9%

NYSE BA opened at $216.64 on Wednesday. The business’s fifty day simple moving average is $219.14 and its 200-day simple moving average is $223.92. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The firm has a market cap of $171.23 billion, a PE ratio of 93.78 and a beta of 1.21. Boeing has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period last year, the company earned ($1.24) EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Boeing will post -0.37 earnings per share for the current year.

Insider Activity

In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Princeton Capital Management LLC grew its holdings in Boeing by 78.3% during the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after acquiring an additional 5,381 shares during the period. Rakuten Investment Management Inc. lifted its holdings in Boeing by 502.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after purchasing an additional 85,982 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Boeing during the 1st quarter valued at approximately $7,961,000. Patriot Financial Group Insurance Agency LLC grew its position in Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after buying an additional 5,726 shares in the last quarter. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in shares of Boeing during the 4th quarter valued at about $2,408,000. 64.82% of the stock is currently owned by institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s commercial-airplane recovery remains the key catalyst. Reports indicate accelerating deliveries, with the company targeting as many as 600 commercial aircraft in 2026 and forecasting $1 billion to $3 billion in cash flow. Stronger deliveries could improve liquidity and help convert backlog into earnings and free cash flow. Boeing’s Delivery Pace Is Finally Accelerating Boeing’s recovery momentum surges with $24.6B revenue in Q2
• Positive Sentiment: Boeing has offered a new contract to roughly 17,000 commercial-airplane engineers and technical workers, and union negotiators have endorsed the proposal. A successful agreement could reduce the risk of another labor disruption affecting production and deliveries. Boeing sends contract offer to engineers union
• Positive Sentiment: JPMorgan raised its Boeing price target to $290, signaling greater confidence in the recovery outlook, although target changes are analyst opinions rather than guarantees. JPMorgan boosts Boeing price target
• Neutral Sentiment: Coverage portrays Boeing as rebuilding customer and investor trust after years of safety and execution problems. The longer-term opportunity is significant, but the company still must demonstrate sustained profitability and operational consistency. The return of Boeing, and the long road to restore their reputation
• Neutral Sentiment: RBC lowered its Boeing price target to $265, contrasting with JPMorgan’s increase and highlighting disagreement among analysts about the pace and reliability of the turnaround. RBC lowers Boeing price target
• Negative Sentiment: A Government Accountability Office report found that Boeing’s $21 billion B-52 modernization program is already experiencing cost increases and schedule delays. Further overruns could pressure margins and raise concerns about execution in Boeing’s defense business. Boeing’s $21 billion B-52 upgrade faces cost overruns
• Negative Sentiment: WestJet has begun parking Boeing 737 aircraft while negotiations with flight attendants remain unresolved. A strike or other labor disruption could temporarily reduce aircraft utilization and delay deliveries or related revenue, adding to Boeing’s broader labor and production risks. WestJet starts parking Boeing 737 jets

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.