Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Boeing (NYSE:BA)

Boeing (NYSE:BAGet Free Report)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday, Benzinga reports. They currently have a $225.00 price objective on the aircraft producer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 29.14% from the stock’s previous close.

BA has been the subject of several other reports. Sanford C. Bernstein cut their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Royal Bank of Canada dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. The Goldman Sachs Group dropped their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.89.

View Our Latest Stock Analysis on BA

Boeing Stock Down 2.7 %

BA stock traded down $4.87 during mid-day trading on Tuesday, reaching $174.23. 4,673,163 shares of the company traded hands, compared to its average volume of 8,573,494. The stock has a market cap of $106.96 billion, a price-to-earnings ratio of -49.08 and a beta of 1.55. Boeing has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm’s 50 day moving average price is $177.75 and its 200 day moving average price is $199.98.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, analysts anticipate that Boeing will post -1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Lazari Capital Management Inc. raised its holdings in shares of Boeing by 6.4% during the first quarter. Lazari Capital Management Inc. now owns 14,907 shares of the aircraft producer’s stock worth $2,877,000 after purchasing an additional 902 shares during the last quarter. HM Payson & Co. grew its position in shares of Boeing by 10.0% in the first quarter. HM Payson & Co. now owns 3,483 shares of the aircraft producer’s stock valued at $672,000 after purchasing an additional 318 shares during the period. Keynote Financial Services LLC acquired a new stake in shares of Boeing in the first quarter valued at about $299,000. EverSource Wealth Advisors LLC grew its position in shares of Boeing by 36.5% in the first quarter. EverSource Wealth Advisors LLC now owns 5,730 shares of the aircraft producer’s stock valued at $1,106,000 after purchasing an additional 1,532 shares during the period. Finally, Cacti Asset Management LLC grew its position in shares of Boeing by 20.5% in the first quarter. Cacti Asset Management LLC now owns 220,419 shares of the aircraft producer’s stock valued at $42,539,000 after purchasing an additional 37,504 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.