Boeing (NYSE:BA) Stock Price Down 1.3% - Time to Sell?

Key Points

• Boeing shares fell about 1.3% to roughly $186.55 on Monday, with ~6.74 million shares traded—about 18% below the stock's average daily volume.
• The company reported a large earnings miss—($7.47) EPS vs. consensus ($0.51)—although revenue beat at $23.27 billion (up 30.4% YoY); analysts project Boeing will post about -2.58 EPS for the year.
• Analysts hold a consensus of “Moderate Buy” on BA with an average price target of $232.09, reflecting a mix of Strong Buy/Buy/Hold/Sell opinions across firms.

The Boeing Company (NYSE:BA - Get Free Report) shares dropped 1.3% during trading on Monday . The stock traded as low as $186.41 and last traded at $186.5480. Approximately 6,740,028 shares traded hands during trading, a decline of 18% from the average daily volume of 8,269,206 shares. The stock had previously closed at $189.00.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. JPMorgan Chase & Co. reduced their target price on Boeing from $251.00 to $240.00 and set an "overweight" rating on the stock in a report on Thursday, October 30th. Weiss Ratings reissued a "sell (d-)" rating on shares of Boeing in a research report on Wednesday, October 8th. UBS Group reaffirmed a "buy" rating on shares of Boeing in a research note on Thursday, October 30th. Finally, Susquehanna lowered their target price on shares of Boeing from $270.00 to $255.00 and set a "positive" rating for the company in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and six have given a Sell rating to the company's stock. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $232.09.

Boeing Trading Down 1.3%

The business has a 50-day moving average of $205.86 and a 200 day moving average of $214.42. The firm has a market capitalization of $141.79 billion, a P/E ratio of -13.64 and a beta of 1.44.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts' expectations of $21.61 billion. The business's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned ($10.44) earnings per share. As a group, research analysts forecast 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 1,366 shares of the company's stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Dana S. Deasy bought 554 shares of the firm's stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares of the company's stock, valued at $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new position in Boeing during the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Boeing during the third quarter worth about $25,000. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Boeing in the 3rd quarter valued at about $32,000. Finally, Davis Capital Management purchased a new stake in Boeing in the 3rd quarter valued at about $33,000. 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.

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