Boeing (NYSE:BA) Stock Price Down 1%

The Boeing Company (NYSE:BA)’s share price dropped 1% during mid-day trading on Wednesday . The stock traded as low as $182.85 and last traded at $183.48. Approximately 1,314,708 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 8,468,037 shares. The stock had previously closed at $185.42.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Bank of America lifted their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Sanford C. Bernstein lowered their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Melius reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Royal Bank of Canada lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Down 0.4 %

The firm has a market capitalization of $113.42 billion, a price-to-earnings ratio of -51.68 and a beta of 1.56. The company’s fifty day moving average is $179.14 and its two-hundred day moving average is $197.01.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, equities research analysts expect that The Boeing Company will post -1.67 EPS for the current year.

Institutional Investors Weigh In On Boeing

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares in the last quarter. Capital Research Global Investors increased its position in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Morgan Stanley increased its position in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Boeing by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after acquiring an additional 52,081 shares in the last quarter. 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.