Boeing (NYSE:BA) Shares Down 0.3%

Shares of The Boeing Company (NYSE:BA - Get Free Report) traded down 0.3% during trading on Friday . The company traded as low as $182.24 and last traded at $182.36. 1,276,122 shares traded hands during trading, a decline of 86% from the average session volume of 9,174,801 shares. The stock had previously closed at $182.96.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BA shares. 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 research note on Wednesday, April 17th. Stifel Nicolaus restated a "buy" rating and issued a $240.00 price target on shares of Boeing in a research report on Wednesday. Benchmark reaffirmed a "buy" rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. TD Cowen reduced their target price on shares of Boeing from $275.00 to $230.00 and set an "outperform" rating for the company in a report on Monday, March 25th. Finally, Citigroup lowered their price target on shares of Boeing from $252.00 to $224.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Two equities research analysts have 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, Boeing presently has a consensus rating of "Hold" and an average target price of $221.24.

Boeing Stock Performance

The stock has a fifty day moving average price of $179.65 and a 200 day moving average price of $205.78. The stock has a market cap of $113.54 billion, a PE ratio of -52.10 and a beta of 1.54.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts' consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $17.69 billion. As a group, equities analysts anticipate that The Boeing Company will post -0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently added to or reduced their stakes in the stock. Strategic Blueprint LLC grew its holdings in Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer's stock worth $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer's stock worth $4,108,000 after buying an additional 4,622 shares in the last quarter. Orca Investment Management LLC lifted its holdings in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer's stock worth $983,000 after buying an additional 195 shares during the period. One Charles Private Wealth Services LLC bought a new stake in Boeing during the 4th quarter valued at $205,000. Finally, Morse Asset Management Inc increased its holdings in shares of Boeing by 65.0% in the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer's stock valued at $1,533,000 after acquiring an additional 3,152 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.