Boeing (NYSE:BA) Trading Up 0% – Here’s Why

The Boeing Company (NYSE:BA)’s stock price was up 0% on Friday . The stock traded as high as $169.71 and last traded at $167.77. Approximately 2,688,560 shares changed hands during trading, a decline of 71% from the average daily volume of 9,199,844 shares. The stock had previously closed at $167.75.

Analyst Ratings Changes

Several analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. UBS Group decreased their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $190.11.

Boeing Trading Up 1.0 %

The company has a market capitalization of $104.72 billion, a P/E ratio of -13.01 and a beta of 1.56. The company’s fifty day moving average is $152.49 and its 200 day moving average is $166.16.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($3.26) earnings per share. Equities research analysts predict that The Boeing Company will post -16.18 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BA. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing during the second quarter valued at about $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the 2nd quarter valued at about $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

About Boeing

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.