Boeing (NYSE:BA) Stock Price Up 0.1%

The Boeing Company (NYSE:BA) shares traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $157.11 and last traded at $155.32. 2,184,083 shares changed hands during trading, a decline of 72% from the average session volume of 7,902,423 shares. The stock had previously closed at $155.11.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Robert W. Baird decreased their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Trading Down 0.8 %

The firm has a 50 day moving average price of $171.21 and a two-hundred day moving average price of $177.74. The firm has a market capitalization of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the firm earned ($0.82) EPS. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. As a group, research analysts forecast that The Boeing Company will post -4.26 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing in the fourth quarter worth $26,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing during the second quarter worth $33,000. Vima LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $34,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the period. Institutional investors own 64.82% of the company’s stock.

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.