Boeing (NYSE:BA) Shares Gap Up to $169.18

Shares of The Boeing Company (NYSE:BA - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $169.18, but opened at $176.50. Boeing shares last traded at $170.09, with a volume of 4,508,545 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BA shares. Bank of America dropped their target price on shares of Boeing from $210.00 to $190.00 and set a "neutral" rating on the stock in a report on Thursday, April 11th. Sanford C. Bernstein dropped their target price on shares of Boeing from $272.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 8th. Northcoast Research cut shares of Boeing from a "neutral" rating to a "sell" rating and set a $140.00 price target on the stock. in a report on Wednesday, April 17th. UBS Group lowered their price target on shares of Boeing from $275.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. Finally, Barclays lowered their price target on shares of Boeing from $235.00 to $190.00 and set an "equal weight" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.71.

Boeing Trading Down 2.9 %

The firm has a market cap of $100.27 billion, a price-to-earnings ratio of -44.66, a price-to-earnings-growth ratio of 135.00 and a beta of 1.52. The company's 50-day moving average is $188.03 and its 200-day moving average is $206.89.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts' consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.75) EPS. Equities research analysts forecast that The Boeing Company will post 0.32 EPS for the current year.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its holdings in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer's stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Jennison Associates LLC acquired a new position in shares of Boeing during the fourth quarter worth $960,397,000. Wellington Management Group LLP lifted its holdings in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer's stock valued at $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer's stock valued at $2,560,466,000 after buying an additional 1,884,850 shares during the period. Finally, Boston Partners lifted its holdings in Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer's stock valued at $467,338,000 after buying an additional 1,617,151 shares during the period. 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.