Boeing (NYSE:BA) Shares Up 0.6%

The Boeing Company (NYSE:BA)’s stock price traded up 0.6% during trading on Wednesday . The stock traded as high as $169.98 and last traded at $168.88. 1,259,618 shares traded hands during trading, a decline of 87% from the average session volume of 9,613,798 shares. The stock had previously closed at $167.84.

Analyst Ratings Changes

Several research firms have issued reports on BA. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. TD Cowen reduced their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Bank of America lowered their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Finally, Stifel Nicolaus reduced their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.41.

Boeing Stock Up 0.5 %

The stock has a fifty day moving average of $184.16 and a two-hundred day moving average of $205.95. The stock has a market cap of $110.38 billion, a price-to-earnings ratio of -50.65 and a beta of 1.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the company earned ($1.75) earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several hedge funds and other institutional investors have recently bought and sold shares of BA. Robeco Institutional Asset Management B.V. grew its holdings in Boeing by 3.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after buying an additional 1,133 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of Boeing during the third quarter valued at $1,354,000. Legacy Financial Group LLC acquired a new position in Boeing in the 3rd quarter valued at about $61,000. Bailard Inc. acquired a new position in Boeing in the 3rd quarter valued at about $966,000. Finally, Guyasuta Investment Advisors Inc. lifted its holdings in Boeing by 3.3% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 10,760 shares of the aircraft producer’s stock valued at $2,062,000 after purchasing an additional 345 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

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.