Boeing (NYSE:BA) Stock Price Down 0.9%

The Boeing Company (NYSE:BA - Get Free Report) fell 0.9% during trading on Friday . The company traded as low as $179.61 and last traded at $179.67. 1,019,062 shares were traded during mid-day trading, a decline of 89% from the average session volume of 9,409,271 shares. The stock had previously closed at $181.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BA shares. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an "outperform" rating for the company in a research report on Monday, March 25th. StockNews.com downgraded Boeing from a "hold" rating to a "sell" rating in a research note on Friday, April 26th. Barclays decreased their price objective on Boeing from $235.00 to $190.00 and set an "equal weight" rating for the company in a report on Monday, April 22nd. Stifel Nicolaus decreased their price target on shares of Boeing from $270.00 to $260.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Boeing from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $222.41.

Boeing Stock Down 1.5 %

The company has a 50 day simple moving average of $181.82 and a 200-day simple moving average of $205.79. The stock has a market cap of $109.57 billion, a price-to-earnings ratio of -50.70 and a beta of 1.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BA. Vanguard Group Inc. grew its position in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer's stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares during the last quarter. Capital Research Global Investors grew its position in Boeing by 35.5% in the 4th 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 last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 purchasing an additional 1,884,850 shares during the period. Morgan Stanley raised its holdings in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer's stock valued at $1,602,880,000 after buying an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Boeing by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer's stock worth $1,304,150,000 after buying an additional 52,081 shares during the period. 64.82% of the stock is currently owned by institutional investors.

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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