Boeing (NYSE:BA) Trading 2.2% Higher

The Boeing Company (NYSE:BA)’s stock price was up 2.2% on Thursday . The stock traded as high as $182.58 and last traded at $182.48. Approximately 1,908,047 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 8,527,451 shares. The stock had previously closed at $178.50.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank of Canada cut their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Bank of America boosted their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Robert W. Baird lowered their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Price Performance

The company has a 50-day moving average price of $178.00 and a two-hundred day moving average price of $199.34. The company has a market cap of $112.46 billion, a PE ratio of -51.46 and a beta of 1.55.

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

Hedge Funds Weigh In On Boeing

Several institutional investors have recently modified their holdings of BA. O Shaughnessy Asset Management LLC increased its stake in Boeing by 2.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,721 shares of the aircraft producer’s stock valued at $6,272,000 after buying an additional 752 shares during the period. Mather Group LLC. increased its holdings in shares of Boeing by 9.5% in the third quarter. Mather Group LLC. now owns 3,984 shares of the aircraft producer’s stock valued at $764,000 after buying an additional 347 shares in the last quarter. Bank of Nova Scotia raised its holdings in Boeing by 186.1% during the 3rd quarter. Bank of Nova Scotia now owns 131,349 shares of the aircraft producer’s stock worth $25,177,000 after buying an additional 85,437 shares during the period. Morningstar Investment Services LLC purchased a new stake in Boeing during the third quarter valued at about $216,000. Finally, Cape Cod Five Cents Savings Bank boosted its position in shares of Boeing by 97.7% in the third quarter. Cape Cod Five Cents Savings Bank now owns 7,788 shares of the aircraft producer’s stock worth $1,493,000 after buying an additional 3,848 shares during the period. Institutional investors 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.