Boeing (NYSE:BA) Stock Price Up 0.4% - Still a Buy?

The Boeing Company (NYSE:BA - Get Free Report)'s share price was up 0.4% during trading on Monday . The stock traded as high as $187.36 and last traded at $186.22. Approximately 1,552,340 shares traded hands during trading, a decline of 83% from the average daily volume of 9,032,928 shares. The stock had previously closed at $185.46.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BA. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. TD Securities restated a "buy" rating and issued a $180.00 target price on shares of Boeing in a report on Thursday, April 24th. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 price objective (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Stock Performance

The firm has a market capitalization of $140.78 billion, a PE ratio of -10.20 and a beta of 1.40. The company has a fifty day simple moving average of $165.14 and a two-hundred day simple moving average of $165.89.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The firm's revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business posted ($1.13) EPS. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

Several hedge funds have recently modified their holdings of BA. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at about $27,000. American National Bank & Trust raised its stake in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

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.

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