TD Cowen Has Lowered Expectations for Boeing (NYSE:BA) Stock Price

Key Points

• TD Cowen lowered Boeing’s price target from $250 to $240 but maintained a “buy” rating, implying roughly 25.8% upside from the stock’s $190.80 price. Analysts overall maintain a “Moderate Buy” consensus with an average target of $270.86.
• Boeing shares rose 1.6% Friday, though the company reported a quarterly adjusted loss of $0.76 per share, missing expectations, and continues to face high leverage, weak liquidity and execution risks.
• Institutional ownership remains substantial at 64.82%, with several major investors establishing large positions during the second quarter.

Boeing (NYSE:BA - Get Free Report) had its price objective lowered by analysts at TD Cowen from $250.00 to $240.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the aircraft producer's stock. TD Cowen's price target would suggest a potential upside of 25.78% from the stock's current price.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada dropped their price objective on Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Btg Pactual set a $260.00 target price on Boeing in a report on Tuesday, July 14th. William Blair reiterated an "outperform" rating on shares of Boeing in a report on Wednesday, September 30th. Wolfe Research raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 24th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $270.86.

Boeing Stock Up 1.6%

NYSE BA traded up $3.05 during trading on Friday, hitting $190.80. The company's stock had a trading volume of 1,820,112 shares, compared to its average volume of 6,839,456. Boeing has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The company has a market cap of $150.80 billion, a PE ratio of 82.60 and a beta of 1.26. The business's 50 day simple moving average is $210.22 and its 200-day simple moving average is $216.03.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BA. Jupiter Topco LLC acquired a new position in Boeing during the 2nd quarter worth about $911,878,000. Bank of New York Mellon Corp purchased a new stake in Boeing during the second quarter valued at about $747,763,000. Legal & General Group Plc purchased a new stake in shares of Boeing in the 2nd quarter worth about $710,816,000. Deutsche Bank AG purchased a new position in shares of Boeing in the 2nd quarter worth about $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Boeing in the 2nd quarter worth $441,997,000. 64.82% of the stock is currently owned by institutional investors.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Commercial order momentum: Avolon agreed to purchase 140 Boeing 737 MAX aircraft as part of a larger order that also includes Airbus jets. The deal reinforces demand for Boeing’s narrow-body aircraft and adds to its already substantial order pipeline. Avolon Orders 140 Boeing 737 MAX, 110 Airbus Aircraft
• Positive Sentiment: Potential wide-body customer: Southwest Airlines is reportedly leaning toward Boeing’s 787 Dreamliner if it launches long-haul international service. A selection would provide a meaningful new customer opportunity for the 787 program, although no final decision has been announced. Southwest Airlines weighs Boeing 787 for long-haul international push
• Positive Sentiment: Defense growth prospects: Boeing could benefit from rising demand for infrared search-and-track systems as the U.S. and allies invest in passive sensing and threat detection. Separately, its approximately $14.7 billion, seven-year PAC-3 seeker production arrangement with Lockheed Martin could triple output and strengthen Boeing’s defense backlog. Can Rising IRST Demand Support Boeing’s Defense Growth Outlook?
• Neutral Sentiment: Large backlog, but execution matters: Boeing’s roughly $715 billion backlog offers long-term revenue visibility, but aircraft must still be produced and delivered. Production delays, cash requirements and the difference between orders and recognized revenue limit the immediate benefit to shareholders. Boeing’s $715 Billion Backlog, Explained
• Negative Sentiment: Balance-sheet pressure: Analysts warn that sizable debt repayments are approaching. Boeing’s high leverage and limited quick liquidity could constrain investment and amplify refinancing risk. Concerns about production delays and poor returns on invested capital add to the cautious outlook. Boeing Faces a Debt Wall as Big Repayments Draw Closer
• Negative Sentiment: Operational and valuation risks: Commentary highlights that Boeing’s backlog has not yet translated into sufficient deliveries, profitability or returns. The company also faces an elevated valuation relative to current earnings, leaving the stock vulnerable if production recovery or debt reduction progresses slowly. Boeing Down 10.6% in a Month: Is This an Indication to Sell the Stock?

Boeing Company Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.

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