Boeing (NYSE:BA) Shares Up 1.3%

The Boeing Company (NYSE:BA) shares were up 1.3% during trading on Tuesday . The company traded as high as $154.29 and last traded at $154.00. Approximately 5,397,271 shares changed hands during trading, a decline of 33% from the average daily volume of 8,019,882 shares. The stock had previously closed at $152.04.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Finally, Sanford C. Bernstein dropped their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Boeing Trading Up 1.5 %

The company has a 50-day moving average of $167.99 and a 200-day moving average of $175.90. The firm has a market capitalization of $94.71 billion, a price-to-earnings ratio of -43.38 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the business earned ($0.82) earnings per share. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -4.27 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently made changes to their positions in BA. Sanders Morris Harris LLC increased its holdings in shares of Boeing by 869.1% in the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after acquiring an additional 20,425 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after buying an additional 1,805 shares during the last quarter. Williams Financial LLC acquired a new position in shares of Boeing during the second quarter worth approximately $1,637,000. Granite Bay Wealth Management LLC bought a new position in Boeing in the 2nd quarter worth approximately $561,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in Boeing by 115.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock valued at $2,825,000 after acquiring an additional 7,848 shares during the period. 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.