Boeing (NYSE:BA) Shares Up 0.6%

The Boeing Company (NYSE:BA) shares shot up 0.6% during trading on Monday . The stock traded as high as $154.36 and last traded at $154.16. 2,164,899 shares were traded during trading, a decline of 73% from the average session volume of 7,944,310 shares. The stock had previously closed at $153.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Sanford C. Bernstein decreased their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird lowered their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday. Finally, Bank of America upped their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.89.

Boeing Stock Performance

The firm has a market cap of $95.93 billion, a P/E ratio of -43.36 and a beta of 1.57. The stock’s 50 day simple moving average is $171.21 and its 200 day simple moving average is $177.41.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. Boeing’s revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.82) earnings per share. As a group, analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

Institutional Trading of Boeing

Several large investors have recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Vima LLC purchased a new position in Boeing in the fourth quarter worth about $34,000. Accent Capital Management LLC purchased a new position in Boeing during the fourth quarter worth $39,000. Frank Rimerman Advisors LLC bought a new position in Boeing during the 4th quarter valued at about $48,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the second quarter worth approximately $34,000. 64.82% of the stock is owned by institutional investors.

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.