Boeing (NYSE:BA) Trading 1.3% Higher - Should You Buy?

The Boeing Company (NYSE:BA - Get Free Report) traded up 1.3% during mid-day trading on Monday . The company traded as high as $204.00 and last traded at $202.95. 3,127,519 shares were traded during mid-day trading, a decline of 67% from the average session volume of 9,398,926 shares. The stock had previously closed at $200.32.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Benchmark lowered their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Morgan Stanley set a $200.00 target price on Boeing and gave the company an "equal weight" rating in a report on Thursday. Royal Bank of Canada reiterated a "cautious" rating on shares of Boeing in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average price target of $209.85.

Boeing Stock Performance

The company has a market capitalization of $151.96 billion, a PE ratio of -11.01 and a beta of 1.43. The company's 50-day simple moving average is $188.93 and its 200-day simple moving average is $177.11.

Boeing (NYSE:BA - Get Free Report) last released its quarterly 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 company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the prior year, the business earned ($1.13) EPS. The business's quarterly revenue was up 17.7% compared to the same quarter last year. Analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by company insiders.

Institutional Trading of Boeing

A number of institutional investors have recently added to or reduced their stakes in BA. Vanguard Group Inc. boosted its stake in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after acquiring an additional 1,212,327 shares in the last quarter. Geode Capital Management LLC boosted its position in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Northern Trust Corp grew its holdings in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Boeing by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Boeing by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock valued at $715,979,000 after buying an additional 19,615 shares in the last quarter. Hedge funds and other institutional investors 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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