Boeing (NYSE:BA) Price Target Cut to $265.00 by Analysts at Jefferies Financial Group

Key Points

• Jefferies cut Boeing’s price target to $265 from $295 but maintained a “buy” rating, implying 32.1% upside from the prior close. Analysts overall give the stock a “Moderate Buy” consensus with an average target of $270.95.
• Boeing shares rose 1.2% to $200.60, although the company reported a quarterly adjusted loss of $0.76 per share, missing expectations, despite revenue of $24.56 billion that exceeded forecasts.
• Potential catalysts include progress toward China’s planned purchase of 200 Boeing jets, completion of the O3b mPOWER satellite constellation, and a $552 million U.S. Navy MQ-25A drone contract; however, geopolitical, order-finalization, and execution risks remain.

Boeing (NYSE:BA - Get Free Report) had its price objective dropped by Jefferies Financial Group from $295.00 to $265.00 in a research note issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the aircraft producer's stock. Jefferies Financial Group's price target points to a potential upside of 32.10% from the stock's previous close.

A number of other analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Wolfe Research lowered shares of Boeing from an "outperform" rating to a "hold" rating in a report on Tuesday, August 11th. Royal Bank Of Canada dropped their price target on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $270.00 to $290.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, UBS Group started coverage on shares of Boeing in a research report on Tuesday, August 11th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $270.95.

Boeing Stock Up 1.2%

Boeing stock traded up $2.40 during trading on Monday, reaching $200.60. 3,951,960 shares of the company's stock were exchanged, compared to its average volume of 6,619,068. Boeing has a 52-week low of $176.77 and a 52-week high of $254.35. The firm has a market cap of $158.55 billion, a price-to-earnings ratio of 86.76 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company's 50-day moving average is $216.12 and its two-hundred day moving average is $218.19.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business earned ($1.24) earnings per share. On average, analysts predict that Boeing will post -0.91 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Several large investors have recently modified their holdings of BA. Premier Financial Group bought a new position in Boeing during the 2nd quarter worth approximately $128,000. Security National Bank of SO Dak bought a new stake in shares of Boeing in the 2nd quarter valued at approximately $30,000. Anchor Investment Management LLC raised its position in shares of Boeing by 1.7% during the 2nd quarter. Anchor Investment Management LLC now owns 10,252 shares of the aircraft producer's stock valued at $2,219,000 after acquiring an additional 171 shares in the last quarter. Bullseye Investment Management LLC bought a new position in Boeing during the second quarter worth $47,000. Finally, Tortoise Investment Management LLC bought a new position in Boeing during the second quarter worth $210,000. Institutional investors own 64.82% of the company's stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China is making progress toward finalizing its previously announced commitment to purchase 200 Boeing jets, according to the U.S. Trade Representative. Any formal confirmation could provide a substantial boost to Boeing’s commercial-aircraft backlog and improve sentiment toward its China exposure. China making progress on finalizing Boeing purchases announced in May
• Positive Sentiment: Boeing completed SES’s 13-satellite O3b mPOWER constellation after successfully launching the final three satellites. The milestone supports Boeing’s credentials in space and defense systems and could strengthen prospects for future government and commercial programs. Boeing completes 13-satellite O3b mPOWER constellation
• Positive Sentiment: The U.S. Navy awarded Boeing a $552 million contract for MQ-25A Stingray drones, implying a unit cost of approximately $184 million for three aircraft. Delivering the program near or below budget would offer evidence of improved program execution and support defense growth. Boeing's new MQ-25A Stingray drone costs $184 million
• Neutral Sentiment: Investors are watching President Trump’s upcoming meeting with President Xi Jinping, where Boeing orders, tariffs and broader trade tensions may be discussed. The summit could produce a catalyst, but expectations also raise volatility if no progress is announced. Top S&P 500 stocks to watch as Trump and Xi Jinping meet
• Negative Sentiment: The potential China order has not yet been finalized, while geopolitical tensions and the risk of disappointing summit outcomes have kept Boeing shares under pressure. The MQ-25 program also carries schedule and execution risk, despite its attractive budget target.

About Boeing

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing's commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.

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