The Boeing Company (NYSE:BA – Get Free Report)’s stock price traded down 0.2% during trading on Wednesday after Citigroup lowered their price target on the stock from $224.00 to $209.00. Citigroup currently has a buy rating on the stock. Boeing traded as low as $151.34 and last traded at $152.03. 1,476,012 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,044,708 shares. The stock had previously closed at $152.35.
BA has been the subject of several other research reports. Wells Fargo & Company reduced their target price on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. cut their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group decreased their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.
View Our Latest Analysis on BA
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Boeing Trading Up 1.3 %
The stock has a market cap of $94.70 billion, a price-to-earnings ratio of -42.83 and a beta of 1.57. The firm’s 50-day moving average is $161.80 and its two-hundred day moving average is $173.13.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the prior year, the firm earned ($0.82) EPS. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -5.35 earnings per share for the current year.
About Boeing
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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