Boeing (NYSE:BA) Trading 0.8% Higher

The Boeing Company (NYSE:BA)’s share price was up 0.8% during mid-day trading on Monday . The company traded as high as $182.46 and last traded at $181.17. Approximately 1,560,334 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 9,536,976 shares. The stock had previously closed at $179.79.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BA shares. Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Stifel Nicolaus decreased their target price on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. TD Cowen decreased their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Melius reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Up 2.1 %

The stock has a 50 day moving average of $182.80 and a 200-day moving average of $206.14. The company has a market capitalization of $110.71 billion, a P/E ratio of -50.80 and a beta of 1.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. QCM Cayman Ltd. bought a new position in Boeing in the 1st quarter worth approximately $388,000. Bleakley Financial Group LLC boosted its position in shares of Boeing by 10.9% during the 1st quarter. Bleakley Financial Group LLC now owns 15,536 shares of the aircraft producer’s stock valued at $2,998,000 after acquiring an additional 1,527 shares during the last quarter. Great Diamond Partners LLC boosted its position in shares of Boeing by 17.5% during the 1st quarter. Great Diamond Partners LLC now owns 6,174 shares of the aircraft producer’s stock valued at $1,192,000 after acquiring an additional 920 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Boeing by 1.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 125,906 shares of the aircraft producer’s stock valued at $24,299,000 after acquiring an additional 1,373 shares during the last quarter. Finally, SP Asset Management LLC bought a new position in shares of Boeing during the 1st quarter valued at approximately $206,000. 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.