Boeing (NYSE:BA) Trading Up 1%

The Boeing Company (NYSE:BA) shares were up 1% during mid-day trading on Thursday . The stock traded as high as $171.96 and last traded at $171.95. Approximately 1,683,436 shares traded hands during trading, a decline of 83% from the average daily volume of 9,722,462 shares. The stock had previously closed at $170.21.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. Citigroup decreased their target price on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Sanford C. Bernstein decreased their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company decreased 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $229.35.

Boeing Stock Performance

The firm has a market capitalization of $103.88 billion, a P/E ratio of -46.73, a price-to-earnings-growth ratio of 116.39 and a beta of 1.52. The company has a 50-day moving average price of $191.86 and a 200-day moving average price of $207.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping 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. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.75) earnings per share. Equities analysts predict that The Boeing Company will post 0.37 EPS for the current year.

Institutional Trading of Boeing

Several hedge funds and other institutional investors have recently modified their holdings of BA. CNB Bank increased its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in Boeing during the fourth quarter worth about $26,000. Evolution Advisers Inc. bought a new position in Boeing during the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing during the fourth quarter worth about $28,000. Finally, True Wealth Design LLC bought a new position in Boeing during the fourth quarter worth about $33,000. Institutional investors and hedge funds 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.