Boeing (NYSE:BA) Shares Up 1.6%

Shares of The Boeing Company (NYSE:BA) rose 1.6% on Wednesday . The company traded as high as $170.64 and last traded at $170.55. Approximately 7,986,725 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 7,265,883 shares. The stock had previously closed at $167.82.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Bank of America decreased their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. decreased their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Citigroup decreased their price target on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, Wells Fargo & Company reduced their target price 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. One investment 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 MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $229.35.

Boeing Trading Down 0.0 %

The firm has a 50-day moving average of $191.08 and a 200 day moving average of $207.28. The company has a market cap of $103.85 billion, a P/E ratio of -46.26, a price-to-earnings-growth ratio of 116.16 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the company earned ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Strategic Blueprint LLC raised its stake in Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after buying an additional 264 shares during the period. Rothschild Investment LLC IL raised its stake in shares of Boeing by 21.1% in the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock worth $14,395,000 after purchasing an additional 13,079 shares during the last quarter. Meridian Wealth Management LLC raised its stake in shares of Boeing by 86.8% in the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock worth $4,749,000 after purchasing an additional 11,510 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after purchasing an additional 3,152 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. raised its stake in shares of Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after purchasing an additional 33,904 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

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.