The Boeing Company (NYSE:BA) Short Interest Update

The Boeing Company (NYSE:BA) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 25,060,000 shares, an increase of 9.5% from the December 31st total of 22,880,000 shares. Based on an average daily volume of 13,310,000 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Ratings Changes

BA has been the subject of several research reports. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Hedge Funds Weigh In On Boeing

Large investors have recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $175.95 on Tuesday. The company has a market cap of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52. The stock’s fifty day moving average price is $169.50 and its 200-day moving average price is $164.05. Boeing has a 1 year low of $137.03 and a 1 year high of $213.77.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) earnings per share. As a group, analysts expect that Boeing will post -2.12 earnings per share for the current year.

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.