Boeing (NYSE:BA) Stock Price Up 1.5%

Shares of The Boeing Company (NYSE:BA) rose 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 traded hands 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 Analyst Weigh In

BA has been the subject of several research reports. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Stifel Nicolaus reduced their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Barclays reduced their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday. Sanford C. Bernstein reduced their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.71.

Boeing Price Performance

The stock has a 50-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 posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating 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. During the same period last year, the firm posted ($1.75) EPS. Boeing’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SOL Capital Management CO raised its stake in Boeing by 1.8% during the first quarter. SOL Capital Management CO now owns 10,075 shares of the aircraft producer’s stock valued at $1,944,000 after buying an additional 175 shares in the last quarter. Simplicity Wealth LLC grew its holdings in Boeing by 1,378.4% in the 1st quarter. Simplicity Wealth LLC now owns 20,845 shares of the aircraft producer’s stock worth $4,023,000 after buying an additional 19,435 shares in the last quarter. Wells Trecaso Financial Group LLC grew its holdings in Boeing by 2.6% in the 1st quarter. Wells Trecaso Financial Group LLC now owns 28,875 shares of the aircraft producer’s stock worth $5,573,000 after buying an additional 727 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in Boeing by 15.0% in the 1st quarter. Childress Capital Advisors LLC now owns 4,575 shares of the aircraft producer’s stock worth $883,000 after buying an additional 597 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in Boeing by 1.2% during the 1st quarter. Avitas Wealth Management LLC now owns 6,813 shares of the aircraft producer’s stock valued at $1,315,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds 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.