Boeing (NYSE:BA) Shares Up 2.1%

The Boeing Company (NYSE:BA)’s stock price shot up 2.1% during trading on Thursday . The company traded as high as $176.47 and last traded at $175.04. 2,928,120 shares were traded during mid-day trading, a decline of 69% from the average session volume of 9,586,414 shares. The stock had previously closed at $171.46.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Stifel Nicolaus decreased their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. The Goldman Sachs Group reduced their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. UBS Group dropped their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Stock Up 4.3 %

The firm has a market capitalization of $109.79 billion, a PE ratio of -49.31 and a beta of 1.54. The company’s 50-day simple moving average is $184.61 and its 200 day simple moving average is $206.14.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.75) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Boeing

Several hedge funds have recently modified their holdings of the stock. CNB Bank increased its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. Evolution Advisers Inc. acquired a new position in Boeing in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing during the 4th quarter worth about $28,000. Finally, Vima LLC purchased a new stake in Boeing during the 4th quarter worth $34,000. 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.