Boeing (NYSE:BA) Trading Up 0.1% - Should You Buy?

The Boeing Company (NYSE:BA - Get Free Report)'s share price shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $204.20 and last traded at $203.47. 1,064,147 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 8,722,330 shares. The stock had previously closed at $203.21.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Morgan Stanley restated a "positive" rating on shares of Boeing in a report on Friday, May 16th. Susquehanna restated a "positive" rating and set a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Benchmark lowered their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Citigroup boosted their price target on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Melius Research set a $204.00 target price on shares of Boeing in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Boeing Trading Up 0.6%

The company has a market capitalization of $154.10 billion, a P/E ratio of -11.15 and a beta of 1.41. The stock's 50-day moving average price is $174.53 and its 200-day moving average price is $169.64.

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

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

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

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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