Boeing (NYSE:BA) Price Target Lowered to $240.00 at UBS Group

Boeing (NYSE:BA) had its price objective reduced by UBS Group from $250.00 to $240.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the aircraft producer’s stock.

BA has been the topic of several other reports. Morgan Stanley lowered their price target on Boeing from $235.00 to $180.00 and set an equal weight rating on the stock in a research note on Wednesday, April 10th. Robert W. Baird reduced their target price on Boeing from $300.00 to $240.00 and set an outperform rating for the company in a research report on Monday, June 3rd. Benchmark reissued a buy rating and issued a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Citigroup reduced their price objective on shares of Boeing from $252.00 to $224.00 and set a buy rating for the company in a report on Thursday, April 25th. Finally, Melius Research reissued a hold rating on shares of Boeing in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $220.33.

Boeing Stock Performance

Shares of BA stock opened at $190.12 on Friday. The stock’s 50 day simple moving average is $177.72 and its 200 day simple moving average is $203.56. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54. The company has a market capitalization of $116.71 billion, a price-to-earnings ratio of -53.55 and a beta of 1.55.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, analysts forecast that Boeing will post -1.33 EPS for the current fiscal year.

Institutional Trading of Boeing

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Evolution Advisers Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing in the 4th quarter worth about $28,000. Vima LLC acquired a new stake in Boeing in the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares in the last quarter. 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.