Boeing (NYSE:BA) Trading 1% Higher

The Boeing Company (NYSE:BA)’s share price rose 1% during trading on Tuesday . The company traded as high as $187.49 and last traded at $187.35. Approximately 1,136,175 shares were traded during trading, a decline of 86% from the average daily volume of 8,079,587 shares. The stock had previously closed at $185.43.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Melius reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Barclays lowered their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. reduced their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Baird R W raised Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Price Performance

The stock has a market capitalization of $114.96 billion, a price-to-earnings ratio of -52.77 and a beta of 1.56. The firm’s fifty day moving average is $181.72 and its 200-day moving average is $187.96.

Hedge Funds Weigh In On Boeing

Several large investors have recently modified their holdings of BA. Claro Advisors LLC lifted its stake in Boeing by 30.0% during the fourth quarter. Claro Advisors LLC now owns 1,668 shares of the aircraft producer’s stock worth $435,000 after purchasing an additional 385 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $210,000. Chico Wealth RIA raised its stake in Boeing by 13.1% during the fourth quarter. Chico Wealth RIA now owns 1,705 shares of the aircraft producer’s stock worth $444,000 after acquiring an additional 197 shares during the period. Essex Savings Bank raised its stake in Boeing by 47.9% during the fourth quarter. Essex Savings Bank now owns 4,221 shares of the aircraft producer’s stock worth $1,100,000 after acquiring an additional 1,368 shares during the period. Finally, Snider Financial Group lifted its holdings in Boeing by 3.4% in the fourth quarter. Snider Financial Group now owns 18,031 shares of the aircraft producer’s stock worth $4,700,000 after acquiring an additional 587 shares during the last quarter. 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.