The Goldman Sachs Group Lowers Boeing (NYSE:BA) Price Target to $202.00

Boeing (NYSE:BA - Free Report) had its price objective trimmed by The Goldman Sachs Group from $232.00 to $202.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a buy rating on the aircraft producer's stock.

BA has been the topic of a number of other reports. Sanford C. Bernstein lowered their price target on shares of Boeing from $222.00 to $207.00 and set an outperform rating on the stock in a report on Monday, August 5th. Bank of America increased their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a neutral rating in a report on Thursday, June 13th. Jefferies Financial Group lowered their price target on shares of Boeing from $270.00 to $240.00 and set a buy rating on the stock in a report on Monday. Susquehanna reissued a positive rating and set a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Finally, Baird R W raised shares of Boeing to a strong-buy rating in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $209.83.

Boeing Trading Down 0.3 %

Shares of BA stock traded down $0.43 during trading hours on Tuesday, hitting $155.87. The company's stock had a trading volume of 7,396,753 shares, compared to its average volume of 7,997,218. The company has a 50 day moving average of $170.15 and a 200 day moving average of $176.78. The stock has a market cap of $95.69 billion, a PE ratio of -43.91 and a beta of 1.57. Boeing has a 12-month low of $151.65 and a 12-month high of $267.54.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. Boeing's revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.82) earnings per share. As a group, analysts anticipate that Boeing will post -4.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SS&H Financial Advisors Inc. boosted its stake in Boeing by 7.3% during the second quarter. SS&H Financial Advisors Inc. now owns 7,720 shares of the aircraft producer's stock worth $1,405,000 after buying an additional 525 shares during the period. Heritage Wealth Management Inc. purchased a new position in Boeing during the second quarter worth about $483,000. Lazari Capital Management Inc. boosted its stake in Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer's stock worth $4,226,000 after buying an additional 8,309 shares during the period. Sanctuary Advisors LLC purchased a new position in Boeing during the second quarter worth about $21,405,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Boeing during the second quarter worth about $82,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.