Boeing (NYSE:BA) Trading 2.2% Higher

The Boeing Company (NYSE:BA)’s stock price traded up 2.2% during mid-day trading on Thursday . The company traded as high as $182.58 and last traded at $182.48. 1,908,047 shares were traded during trading, a decline of 78% from the average session volume of 8,527,451 shares. The stock had previously closed at $178.50.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Baird R W raised Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, TD Cowen lowered their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Performance

The business’s 50 day simple moving average is $178.50 and its two-hundred day simple moving average is $198.77.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities research analysts predict that The Boeing Company will post -1.67 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

A number of hedge funds have recently modified their holdings of BA. Vanguard Group Inc. increased its position in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Capital Research Global Investors increased its holdings 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 acquiring an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Morgan Stanley lifted its holdings in 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 purchasing an additional 91,801 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after purchasing an additional 52,081 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.