Boeing (NYSE:BA) Shares Gap Up to $169.18

The Boeing Company (NYSE:BA)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $169.18, but opened at $176.50. Boeing shares last traded at $170.09, with a volume of 4,508,545 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. The Goldman Sachs Group lowered 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. Wells Fargo & Company cut their price target on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Finally, Susquehanna lowered their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.

Boeing Stock Down 2.1 %

The company has a 50 day simple moving average of $188.81 and a 200-day simple moving average of $207.19. The stock has a market capitalization of $101.01 billion, a price-to-earnings ratio of -45.36, a price-to-earnings-growth ratio of 135.00 and a beta of 1.52.

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 firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the company earned ($1.75) earnings per share. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Several institutional investors have recently bought and sold shares of BA. CNB Bank grew its stake in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Vermillion & White Wealth Management Group LLC bought a new position in Boeing in the 4th quarter valued at $26,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter valued at $28,000. Finally, Vima LLC bought a new position in Boeing in the 4th quarter valued at $34,000. 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.