Boeing (NYSE:BA) Sets New 52-Week Low at $153.02

The Boeing Company (NYSE:BA)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $153.02 and last traded at $153.71, with a volume of 1729311 shares changing hands. The stock had previously closed at $154.59.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird lowered their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $211.29.

Boeing Trading Down 0.6 %

The company’s fifty day moving average is $171.80 and its 200-day moving average is $178.07. The firm has a market capitalization of $94.33 billion, a P/E ratio of -43.54 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 firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the previous year, the firm earned ($0.82) EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -4.26 EPS for the current year.

Hedge Funds Weigh In On Boeing

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SS&H Financial Advisors Inc. lifted its stake in shares of Boeing by 7.3% in the second quarter. SS&H Financial Advisors Inc. now owns 7,720 shares of the aircraft producer’s stock valued at $1,405,000 after buying an additional 525 shares during the period. Heritage Wealth Management Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $483,000. Lazari Capital Management Inc. grew its holdings in shares of Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $21,405,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Boeing during the second quarter valued at approximately $82,000. 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.