Boeing (NYSE:BA) Given New $210.00 Price Target at TD Cowen

Boeing (NYSE:BA) had its price objective reduced by investment analysts at TD Cowen from $240.00 to $210.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the aircraft producer’s stock. TD Cowen‘s price objective would indicate a potential upside of 24.94% from the company’s previous close.

BA has been the subject of a number of other research reports. DZ Bank reiterated a “buy” rating on shares of Boeing in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $244.00 to $248.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $235.00 target price on shares of Boeing in a research note on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Monday, October 19th. Finally, Langenberg & Company set a $250.00 price objective on Boeing in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.19.

Boeing Stock Performance

Boeing stock opened at $168.09 on Wednesday. Boeing has a one year low of $167.41 and a one year high of $254.35. The company has a 50-day simple moving average of $199.09 and a 200-day simple moving average of $218.16.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The firm had revenue of $24.19 billion during the quarter, compared to analyst estimates of $23.95 billion. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted ($7.47) earnings per share. On average, research analysts predict that Boeing will post -1.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jupiter Topco LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at about $911,878,000. Bank of New York Mellon Corp purchased a new stake in Boeing in the 2nd quarter valued at $747,763,000. Legal & General Group Plc bought a new position in Boeing during the 2nd quarter valued at $710,816,000. Deutsche Bank AG bought a new stake in Boeing in the 2nd quarter worth about $539,456,000. Finally, Swiss National Bank increased its position in shares of Boeing by 7.6% during the first quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after acquiring an additional 163,000 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported revenue of $24.19 billion, up 3.9% year over year, while its net loss narrowed substantially from the prior-year period. Operating cash flow reached $1.5 billion and free cash flow was positive for a second consecutive quarter. 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 for the U.S. Navy’s F/A-XX fighter program. Boeing Reports Third Quarter Revenue and Net Loss
• Positive Sentiment: Several analysts remain constructive on Boeing’s long-term recovery. Langenberg upgraded the stock to Buy with a $250 target, while Citi maintained a Buy rating with a $260 target; Susquehanna and Baird also retained positive ratings despite reducing their targets. Analyst Upgrades Boeing
• Positive Sentiment: Boeing forecasts that global air-cargo traffic will double by 2045, potentially requiring nearly 3,000 new or converted freighters and supporting long-term demand for its cargo aircraft. Boeing Global Freighter Fleet Forecast
• Neutral Sentiment: Boeing’s CFO expects 787 margins to exceed 2018 levels by 2029, but 737 margins are expected to recover more slowly and remain below historical peaks. Boeing Margin Outlook
• Negative Sentiment: Adjusted EPS was a $0.34 loss, worse than the expected $0.25 loss. The Commercial Airplanes division posted a $697 million operating loss, highlighting continuing cost and production problems. Boeing Jetliner Production Challenges
• Negative Sentiment: Boeing pushed its 737 production ramp to 2027, with the 52-aircraft-per-month target delayed until the second half of that year. The company also indicated that its $3 billion free-cash-flow milestone has shifted to 2027, increasing uncertainty around the turnaround timeline. Boeing 737 Ramp Delay
• Negative Sentiment: Boeing halted share buybacks during the third quarter to preserve liquidity, while a law firm announced an investigation related to the Spirit AeroSystems merger, adding further pressure to sentiment. Boeing Halts Share Buybacks

About Boeing

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.