Boeing (NYSE:BA) Stock Price Up 1.5%

The Boeing Company (NYSE:BA) shares were up 1.5% during mid-day trading on Wednesday . The stock traded as high as $177.64 and last traded at $171.76. Approximately 7,025,265 shares were traded during trading, a decline of 27% from the average daily volume of 9,571,790 shares. The stock had previously closed at $169.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BA shares. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. JPMorgan Chase & Co. decreased their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus decreased their target price on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $226.71.

Boeing Trading Down 2.9 %

The business has a fifty day moving average price of $188.81 and a 200 day moving average price of $207.19. The firm has a market cap of $100.26 billion, a PE ratio of -45.36, a P/E/G ratio of 135.00 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) 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 analysts’ expectations of $21.14 billion. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.75) EPS. On average, research analysts expect that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. CNB Bank grew its stake in shares of 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 last quarter. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $26,000. Evolution Advisers Inc. purchased a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. Finally, Vima LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $34,000. 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.