Boeing (NYSE:BA) Shares Down 0.1%

The Boeing Company (NYSE:BA)’s stock price fell 0.1% during trading on Wednesday . The stock traded as low as $173.56 and last traded at $174.95. 976,353 shares changed hands during trading, a decline of 89% from the average session volume of 9,052,067 shares. The stock had previously closed at $175.08.

Analyst Ratings Changes

Several research firms have recently commented on BA. TD Cowen lowered their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Barclays decreased their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Hold” and an average price target of $221.24.

Boeing Price Performance

The business’s 50 day moving average price is $178.79 and its 200-day moving average price is $205.35. The company has a market cap of $105.99 billion, a P/E ratio of -49.28 and a beta of 1.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, research analysts forecast that The Boeing Company will post -1.11 EPS for the current year.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Blueprint LLC grew its holdings in Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after acquiring an additional 4,622 shares during the period. Orca Investment Management LLC grew its holdings in Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after acquiring an additional 195 shares during the period. One Charles Private Wealth Services LLC acquired a new stake in Boeing during the 4th quarter worth $205,000. Finally, Morse Asset Management Inc grew its holdings in Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after acquiring an additional 3,152 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

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.