Boeing (NYSE:BA) Trading 0.2% Higher

The Boeing Company (NYSE:BA) traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $169.45 and last traded at $168.15. 1,837,629 shares changed hands during trading, a decline of 81% from the average session volume of 9,769,129 shares. The stock had previously closed at $167.82.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday. Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Trading Down 0.2 %

The business’s 50 day simple moving average is $191.86 and its 200 day simple moving average is $207.54. The company has a market cap of $103.84 billion, a P/E ratio of -46.25, a PEG ratio of 114.53 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period last year, the business earned ($1.75) earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont grew its holdings in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC grew its holdings in shares of Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after purchasing an additional 47 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Boeing by 0.6% in the fourth quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after purchasing an additional 49 shares in the last quarter. Finally, RB Capital Management LLC grew its holdings in shares of Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.