Boeing (NYSE:BA) Announces Earnings Results

Boeing (NYSE:BA - Get Free Report) issued its quarterly earnings data on Wednesday. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90, Zacks reports. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion.

Boeing Stock Up 0.9 %

Boeing stock traded up $1.66 during midday trading on Friday, reaching $177.92. The stock had a trading volume of 7,635,951 shares, compared to its average volume of 9,059,394. The firm has a market capitalization of $133.46 billion, a PE ratio of -9.71 and a beta of 1.24. Boeing has a 12 month low of $128.88 and a 12 month high of $196.95. The firm's 50-day moving average price is $164.87 and its 200 day moving average price is $164.69.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BA shares. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 price target (up from $111.00) on shares of Boeing in a research report on Wednesday. Morgan Stanley upped their target price on shares of Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $198.45.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Boeing stock. Revolve Wealth Partners LLC acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,136 shares of the aircraft producer's stock, valued at approximately $201,000. 64.82% of the stock is owned by institutional investors and hedge funds.

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.