Boeing (NYSE:BA) Shares Up 1.3%

The Boeing Company (NYSE:BA)’s share price rose 1.3% on Friday . The company traded as high as $156.98 and last traded at $156.66. Approximately 1,926,197 shares changed hands during trading, a decline of 76% from the average daily volume of 7,991,784 shares. The stock had previously closed at $154.58.

Wall Street Analyst Weigh In

Several research firms have recently commented on BA. UBS Group cut their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Bank of America increased their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.83.

Boeing Price Performance

The company has a market cap of $95.88 billion, a PE ratio of -44.13 and a beta of 1.57. The firm has a 50-day simple moving average of $168.99 and a two-hundred day simple moving average of $176.45.

Boeing (NYSE:BA) last announced 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 firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.82) earnings per share. Equities research analysts forecast that The Boeing Company will post -4.27 EPS for the current year.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC raised its holdings in Boeing by 869.1% in the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after buying an additional 20,425 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Boeing by 20.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after acquiring an additional 1,805 shares in the last quarter. Williams Financial LLC purchased a new stake in shares of Boeing in the second quarter worth about $1,637,000. Granite Bay Wealth Management LLC acquired a new stake in shares of Boeing in the second quarter valued at about $561,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Boeing by 115.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock valued at $2,825,000 after buying an additional 7,848 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.