Boeing (NYSE:BA) Trading 0.2% Higher

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

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. Citigroup reduced 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. Royal Bank of Canada reduced their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Morgan Stanley reduced their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Finally, Susquehanna reduced their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Trading Down 0.2 %

The business has a fifty day moving average of $191.86 and a 200 day moving average of $207.54. The company has a market capitalization of $103.84 billion, a PE ratio of -46.25, a PEG ratio of 114.53 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) 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 quarter last year, the business earned ($1.75) earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post 0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Boeing

Hedge funds have recently bought and sold shares of the stock. Strategic Blueprint LLC raised its position in Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. Rothschild Investment LLC IL raised its position in shares of Boeing by 21.1% during the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock worth $14,395,000 after acquiring an additional 13,079 shares in the last quarter. Meridian Wealth Management LLC raised its position in shares of Boeing by 86.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock worth $4,749,000 after acquiring an additional 11,510 shares in the last quarter. Morse Asset Management Inc raised its position in shares of Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after acquiring an additional 3,152 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. raised its position in shares of Boeing by 1,335.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after acquiring an additional 33,904 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.