Boeing (NYSE:BA) Trading Down 1%

Shares of The Boeing Company (NYSE:BA) dropped 1% during mid-day trading on Friday . The stock traded as low as $178.08 and last traded at $178.50. Approximately 1,176,144 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,209,011 shares. The stock had previously closed at $180.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Royal Bank of Canada dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Stifel Nicolaus reissued a “buy” rating and issued a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Trading Down 1.4 %

The firm’s fifty day moving average price is $181.47 and its 200 day moving average price is $191.42. The stock has a market capitalization of $109.08 billion, a price-to-earnings ratio of -50.13 and a beta of 1.56.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, analysts forecast that The Boeing Company will post -1.86 earnings per share for the current fiscal year.

Institutional Trading of Boeing

Several institutional investors have recently modified their holdings of BA. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Boeing by 2.7% in the 4th 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 during the period. SouthState Corp raised its stake in shares of Boeing by 2.7% during the fourth quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock worth $493,000 after purchasing an additional 50 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Boeing by 2.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock worth $661,000 after purchasing an additional 50 shares during the period. EverSource Wealth Advisors LLC grew its position in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after buying an additional 50 shares during the last quarter. Finally, Hengehold Capital Management LLC increased its stake in Boeing by 3.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,395 shares of the aircraft producer’s stock valued at $364,000 after buying an additional 51 shares during the period. Hedge funds and other 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.