Boeing (NYSE:BA) Stock Price Down 0%

Shares of The Boeing Company (NYSE:BA) fell 0% on Wednesday . The company traded as low as $186.53 and last traded at $188.60. 1,195,522 shares were traded during mid-day trading, a decline of 87% from the average session volume of 8,907,201 shares. The stock had previously closed at $188.62.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BA shares. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. TD Cowen cut their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. JPMorgan Chase & Co. decreased their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Susquehanna restated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, May 15th. Finally, Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Trading Up 0.4 %

The business’s fifty day moving average is $177.83 and its 200 day moving average is $204.36. The company has a market cap of $116.28 billion, a P/E ratio of -53.13 and a beta of 1.55.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate 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 expect that The Boeing Company will post -1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of Boeing by 2.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 512,049 shares of the aircraft producer’s stock valued at $98,150,000 after buying an additional 11,706 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in Boeing by 25.7% in the third quarter. NewEdge Wealth LLC now owns 2,266 shares of the aircraft producer’s stock worth $434,000 after buying an additional 463 shares during the period. Janney Montgomery Scott LLC lifted its position in Boeing by 6.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 254,067 shares of the aircraft producer’s stock valued at $48,699,000 after acquiring an additional 15,108 shares during the period. Payden & Rygel Investment Group bought a new stake in Boeing during the third quarter worth about $613,000. Finally, Burney Co. grew its holdings in Boeing by 2.8% in the third quarter. Burney Co. now owns 8,815 shares of the aircraft producer’s stock worth $1,690,000 after purchasing an additional 242 shares during the period. 64.82% of the stock is currently owned by institutional investors.

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.