Boeing (NYSE:BA) Trading Up 1%

Shares of The Boeing Company (NYSE:BA) were up 1% during mid-day trading on Thursday . The company traded as high as $154.41 and last traded at $153.70. Approximately 2,711,006 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 7,977,603 shares. The stock had previously closed at $152.22.

Analyst Ratings Changes

BA has been the subject of several recent research reports. Robert W. Baird lowered their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Bank of America raised their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.83.

Boeing Price Performance

The firm’s fifty day simple moving average is $169.50 and its 200 day simple moving average is $176.61. The company has a market capitalization of $95.35 billion, a price-to-earnings ratio of -43.74 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period last year, the company earned ($0.82) earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the fourth quarter worth $26,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the second quarter valued at about $33,000. Vima LLC acquired a new position in Boeing in the 4th quarter worth about $34,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing during the 2nd quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.