Boeing (NYSE:BA) Stock Price Up 1.6%

The Boeing Company (NYSE:BAGet Free Report)’s share price was up 1.6% during trading on Friday . The company traded as high as $192.94 and last traded at $190.62. Approximately 3,219,454 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 10,474,475 shares. The stock had previously closed at $187.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BA shares. Royal Bank of Canada decreased their price target on Boeing from $285.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Susquehanna reduced their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday. UBS Group reduced their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Bank of America reduced their price objective on Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $244.56.

Read Our Latest Stock Report on Boeing

Boeing Price Performance

The firm has a fifty day simple moving average of $201.60 and a 200 day simple moving average of $210.44. The company has a market capitalization of $115.22 billion, a price-to-earnings ratio of -51.32, a price-to-earnings-growth ratio of 26.15 and a beta of 1.52.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the business posted ($1.75) earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts predict that The Boeing Company will post 1.79 EPS for the current year.

Institutional Trading of Boeing

A number of institutional investors have recently made changes to their positions in the company. Bollard Group LLC raised its position in shares of Boeing by 10.6% in the 2nd quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock worth $99,000 after buying an additional 45 shares during the period. Trust Co. of Vermont lifted its stake in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its stake in shares of Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares in the last quarter. Waverly Advisors LLC lifted its stake in shares of Boeing by 0.6% during the fourth quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after purchasing an additional 49 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its stake in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. 61.33% of the stock is owned by institutional investors and hedge funds.

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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