Boeing (NYSE:BA) Stock Price Up 0.1%

The Boeing Company (NYSE:BA) shares traded up 0.1% during trading on Friday . The company traded as high as $180.49 and last traded at $178.95. 1,745,324 shares were traded during mid-day trading, a decline of 82% from the average session volume of 9,585,888 shares. The stock had previously closed at $178.85.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BA shares. Susquehanna dropped their price target on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday, March 21st. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Barclays reduced their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Finally, Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $222.41.

Boeing Stock Up 0.5 %

The firm has a market capitalization of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The firm’s fifty day simple moving average is $183.74 and its 200-day simple moving average is $205.91.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period last year, the firm posted ($1.75) EPS. Boeing’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently bought and sold shares of BA. Trust Co. of Vermont grew its position in shares of Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its holdings in Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after buying an additional 47 shares during the last quarter. WealthPlan Investment Management LLC increased its position in 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 buying an additional 49 shares in the last quarter. RB Capital Management LLC increased its position in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. lifted its position in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.