Boeing (NYSE:BA) Trading Up 2.9%

Shares of The Boeing Company (NYSE:BA) shot up 2.9% during mid-day trading on Tuesday . The stock traded as high as $184.30 and last traded at $184.25. 2,227,117 shares were traded during trading, a decline of 73% from the average session volume of 8,257,511 shares. The stock had previously closed at $179.11.

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Royal Bank of Canada cut their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Performance

The stock has a market cap of $110.64 billion, a PE ratio of -50.77 and a beta of 1.56. The stock has a fifty day simple moving average of $181.49 and a two-hundred day simple moving average of $191.50.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, equities analysts predict that The Boeing Company will post -1.75 EPS for the current fiscal year.

Institutional Trading of Boeing

Several large investors have recently modified their holdings of BA. Strategic Blueprint LLC raised its holdings in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Boeing by 41.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC lifted its position in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC acquired a new position in Boeing in the fourth quarter worth about $205,000. Finally, J.W. Cole Advisors Inc. grew its stake in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.