Boeing (NYSE:BA) Sets New 1-Year Low at $151.24

Shares of The Boeing Company (NYSE:BA) reached a new 52-week low on Monday . The company traded as low as $151.24 and last traded at $152.75, with a volume of 1721250 shares changing hands. The stock had previously closed at $156.32.

Analyst Ratings Changes

Several research analysts have commented on BA shares. Robert W. Baird dropped their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. UBS Group decreased their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna reiterated a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Finally, Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $209.83.

Boeing Stock Performance

The company has a 50 day moving average of $168.52 and a 200 day moving average of $176.10. The stock has a market capitalization of $93.65 billion, a price-to-earnings ratio of -44.03 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 the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the company posted ($0.82) earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -4.27 EPS for the current fiscal year.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC grew its stake in shares of Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after buying an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares in the last quarter. Angeles Wealth Management LLC grew its stake in shares of Boeing by 4.3% in the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock valued at $381,000 after buying an additional 60 shares in the last quarter. Bridge Creek Capital Management LLC grew its stake in shares of Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after buying an additional 60 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC grew its stake in shares of Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

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.