Boeing (NYSE:BA) Shares Down 0.6%

The Boeing Company (NYSE:BA)’s stock price was down 0.6% during mid-day trading on Thursday . The company traded as low as $182.85 and last traded at $184.31. Approximately 2,764,797 shares traded hands during trading, a decline of 51% from the average daily volume of 5,659,858 shares. The stock had previously closed at $185.42.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Royal Bank of Canada decreased their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Robert W. Baird cut their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. TD Cowen dropped their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Finally, Barclays lowered their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Trading Down 0.6 %

The firm has a fifty day simple moving average of $179.54 and a 200-day simple moving average of $196.92. The stock has a market cap of $113.14 billion, a price-to-earnings ratio of -51.92 and a beta of 1.56.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, equities analysts predict that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boeing

A number of large investors have recently modified their holdings of BA. Moody National Bank Trust Division lifted its stake in Boeing by 4.0% in the 2nd quarter. Moody National Bank Trust Division now owns 7,702 shares of the aircraft producer’s stock valued at $1,402,000 after purchasing an additional 297 shares during the last quarter. Curbstone Financial Management Corp increased its stake in Boeing by 7.2% in the second quarter. Curbstone Financial Management Corp now owns 2,976 shares of the aircraft producer’s stock valued at $542,000 after acquiring an additional 200 shares during the last quarter. Global Wealth Strategies & Associates increased its stake in Boeing by 20.3% in the second quarter. Global Wealth Strategies & Associates now owns 491 shares of the aircraft producer’s stock valued at $89,000 after acquiring an additional 83 shares during the last quarter. Marcum Wealth LLC increased its stake in Boeing by 0.7% in the second quarter. Marcum Wealth LLC now owns 9,833 shares of the aircraft producer’s stock valued at $1,790,000 after acquiring an additional 70 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its position in Boeing by 7.0% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 6,885 shares of the aircraft producer’s stock valued at $1,253,000 after buying an additional 450 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.