Boeing (NYSE:BA) Stock Price Up 0.1% – Should You Buy?

The Boeing Company (NYSE:BAGet Free Report)’s share price was up 0.1% during trading on Friday . The stock traded as high as $181.43 and last traded at $180.62. Approximately 1,817,368 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 9,299,859 shares. The stock had previously closed at $180.38.

Analysts Set New Price Targets

Several research firms have recently weighed in on BA. Robert W. Baird reduced their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group lowered their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Citigroup reduced their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $190.11.

Get Our Latest Stock Analysis on BA

Boeing Price Performance

The stock has a market capitalization of $111.72 billion, a price-to-earnings ratio of -14.01 and a beta of 1.56. The business’s fifty day moving average price is $157.72 and its 200-day moving average price is $165.56.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted ($3.26) earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter valued at $33,000. Strategic Financial Concepts LLC purchased a new stake in shares of Boeing during the 2nd quarter valued at $41,000. Finally, Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

About Boeing

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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.

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