Boeing (NYSE:BA) Trading Up 1%

Shares of The Boeing Company (NYSE:BA) were up 1% during mid-day trading on Thursday . The company traded as high as $171.96 and last traded at $171.95. Approximately 1,683,436 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 9,722,462 shares. The stock had previously closed at $170.21.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup reduced their price target on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Sanford C. Bernstein reduced their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Stock Up 0.0 %

The stock’s fifty day moving average price is $191.86 and its 200 day moving average price is $207.54. The stock has a market cap of $103.88 billion, a PE ratio of -46.73, a PEG ratio of 116.39 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.75) earnings per share. On average, equities research analysts expect that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently bought and sold shares of BA. Moneta Group Investment Advisors LLC grew its stake in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after acquiring an additional 16,041,103 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Boeing in the 4th quarter worth $960,397,000. Wellington Management Group LLP grew its stake in shares of Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

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.