Boeing (NYSE:BA) Trading 0.1% Higher

The Boeing Company (NYSE:BA) traded up 0.1% on Monday . The stock traded as high as $171.18 and last traded at $169.69. 1,781,229 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 9,813,084 shares. The stock had previously closed at $169.55.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. JPMorgan Chase & Co. lowered their price target 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. Stifel Nicolaus cut their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. TD Cowen lowered their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Finally, UBS Group reduced their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.88.

Boeing Stock Performance

The business’s 50-day simple moving average is $192.69 and its two-hundred day simple moving average is $207.80.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the business posted ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares during the period. Capital Research Global Investors lifted its holdings in Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Jennison Associates LLC purchased a new position in Boeing in the 4th quarter valued at approximately $960,397,000. Wellington Management Group LLP grew its stake in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Finally, 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 during the period. 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.