Boeing (NYSE:BA) Trading Up 1.9% – What’s Next?

The Boeing Company (NYSE:BA) traded up 1.9% during mid-day trading on Friday . The company traded as high as $187.58 and last traded at $186.43. 3,218,856 shares traded hands during trading, a decline of 63% from the average session volume of 8,718,614 shares. The stock had previously closed at $182.89.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. Morgan Stanley upped their price target on shares of Boeing from $175.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, April 24th. Citigroup upped their target price on Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $181.00 to $218.00 in a research report on Monday, April 28th. TD Securities reissued a “buy” rating and issued a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Finally, UBS Group raised their price objective on shares of Boeing from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.90.

Boeing Stock Performance

The company has a 50 day moving average of $165.14 and a 200 day moving average of $165.74. The stock has a market capitalization of $139.86 billion, a price-to-earnings ratio of -10.13 and a beta of 1.40.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. Boeing’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.13) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter worth $26,000. American National Bank & Trust lifted its position in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.