The Boeing Company (NYSE:BA - Get Free Report)'s share price shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $184.25 and last traded at $182.47. 2,354,760 shares changed hands during trading, a decline of 74% from the average session volume of 9,034,171 shares. The stock had previously closed at $182.30.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup increased their price target on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group boosted their price objective on shares of Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $200.90.
Read Our Latest Report on BA
Boeing Price Performance
The stock's fifty day simple moving average is $164.80 and its two-hundred day simple moving average is $165.04. The company has a market capitalization of $137.11 billion, a price-to-earnings ratio of -9.91 and a beta of 1.24.
Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The business's revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.
Insiders Place Their Bets
In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.
Institutional Trading of Boeing
Several large investors have recently added to or reduced their stakes in BA. Vanguard Group Inc. raised its stake in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after buying an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. bought a new position in shares of Boeing in the fourth quarter valued at approximately $526,889,000. Finally, Zimmer Partners LP acquired a new position in shares of Boeing during the fourth quarter valued at approximately $393,736,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
About Boeing
(
Get Free Report)
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.
Further Reading
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