Boeing (NYSE:BA) Shares Gap Up - Should You Buy?

Shares of The Boeing Company (NYSE:BA - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $177.95, but opened at $182.75. Boeing shares last traded at $182.50, with a volume of 1,895,241 shares traded.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. TD Securities reiterated a "buy" rating and issued a $180.00 price objective on shares of Boeing in a report on Thursday, April 24th. Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. UBS Group lifted their price target on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Trading Up 0.7 %

The stock has a 50-day simple moving average of $164.94 and a 200 day simple moving average of $165.28. The stock has a market capitalization of $138.15 billion, a price-to-earnings ratio of -10.00 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Institutional Trading of Boeing

Large investors have recently added to or reduced their stakes in the business. Wood Tarver Financial Group LLC boosted its holdings in Boeing by 14.3% in the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after acquiring an additional 55 shares during the last quarter. Keynote Financial Services LLC lifted its position in shares of Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares during the period. Chaney Capital Management Inc. lifted its position in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after purchasing an additional 58 shares during the period. Byrne Financial Freedom LLC boosted its stake in shares of Boeing by 3.0% in the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after purchasing an additional 58 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after buying an additional 59 shares during the period. 64.82% of the stock is owned by institutional investors.

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.