Boeing (NYSE:BA – Get Free Report) had its price target reduced by investment analysts at Robert W. Baird from $300.00 to $230.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the aircraft producer’s stock. Robert W. Baird‘s target price suggests a potential upside of 36.83% from the company’s current price.
Other analysts have also recently issued reports about the company. Tigress Financial boosted their price target on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Morgan Stanley dropped their price objective on shares of Boeing from $250.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. TD Cowen reduced their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.62.
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Boeing Trading Down 10.7%
Shares of BA opened at $168.09 on Wednesday. Boeing has a 52 week low of $167.41 and a 52 week high of $254.35. The stock has a fifty day moving average of $199.09 and a 200-day moving average of $218.16.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The company had revenue of $24.19 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the company earned ($7.47) EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Boeing will post -1.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Boeing
A number of hedge funds have recently made changes to their positions in BA. Jupiter Topco LLC bought a new stake in Boeing in the second quarter valued at approximately $911,878,000. Bank of New York Mellon Corp bought a new position in Boeing during the 2nd quarter worth approximately $747,763,000. Legal & General Group Plc bought a new position in Boeing during the 2nd quarter worth approximately $710,816,000. Deutsche Bank AG acquired a new position in shares of Boeing in the 2nd quarter worth approximately $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Boeing in the 2nd quarter worth approximately $441,997,000. 64.82% of the stock is currently owned by institutional investors.
Boeing News Summary
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing reported third-quarter revenue of $24.19 billion, up 3.9% year over year, while operating cash flow reached $1.5 billion and free cash flow was positive for a second consecutive quarter. The company also narrowed its full-year free-cash-flow target to approximately $2 billion. Boeing Reports Third Quarter Results
- Positive Sentiment: Total backlog increased to a record $745 billion, including more than 6,300 commercial aircraft. Boeing also received FAA certification milestones for the 737-7 and 737-10 and was selected by the U.S. Navy for the F/A-XX fighter program, supporting its long-term revenue outlook. Boeing’s Backlog Grew to $745 Billion
- Positive Sentiment: Citi maintained a Buy rating and a $260 price target, arguing that Boeing’s long-term cash-flow potential outweighs near-term weakness and delayed milestones. Analyst Reaffirms Buy on Boeing
- Neutral Sentiment: The 737 MAX 10’s certification removes a significant regulatory overhang, but deliveries will still depend on approvals in markets including Canada and Europe, as well as Boeing’s ability to stabilize factory output.
- Negative Sentiment: Boeing’s adjusted loss of $0.34 per share missed the consensus estimate of a $0.25 loss. Commercial Airplanes posted a $697 million operating loss, reflecting production costs, supply-chain pressure and an unfavorable delivery mix. Boeing Jetliner Production Challenges
- Negative Sentiment: Management pushed the 737 production ramp to 47 aircraft per month and delayed the 52-per-month target until late 2027. The company also acknowledged that its 500-aircraft full-year delivery goal is likely unattainable, raising concerns that the turnaround and cash-flow recovery will take longer.
- Negative Sentiment: Boeing halted share buybacks during the third quarter to prioritize liquidity, while a law firm announced an investigation into potential securities claims involving former Spirit AeroSystems investors who received Boeing shares in the 2025 merger. Boeing Halts Share Buybacks
Boeing Company Profile
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.
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