Boeing (NYSE:BA) Trading Up 0.6%

Shares of The Boeing Company (NYSE:BA) traded up 0.6% during mid-day trading on Friday . The stock traded as high as $172.00 and last traded at $171.23. 1,692,161 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 9,657,865 shares. The stock had previously closed at $170.23.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. The Goldman Sachs Group dropped their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. UBS Group dropped their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Bank of America dropped their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.35.

Boeing Stock Performance

The company has a market capitalization of $103.61 billion, a PE ratio of -46.15, a PEG ratio of 134.80 and a beta of 1.52. The stock’s 50 day moving average is $190.29 and its 200 day moving average is $207.28.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post 0.32 EPS for the current fiscal year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the company. CNB Bank increased its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing in the 4th quarter worth $26,000. Evolution Advisers Inc. bought a new position in shares of Boeing in the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing in the 4th quarter worth $28,000. Finally, True Wealth Design LLC bought a new position in shares of Boeing in the 4th quarter worth $33,000. 64.82% of the stock is currently owned by hedge funds and other 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.