Boeing (NYSE:BA) Trading 0% Higher

The Boeing Company (NYSE:BA) traded up 0% on Thursday . The stock traded as high as $192.93 and last traded at $192.02. 1,015,619 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 10,360,006 shares. The stock had previously closed at $191.95.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BA shares. Susquehanna reduced their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Bank of America lowered their price objective on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Barclays increased their price target on Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Royal Bank of Canada lowered their price objective on shares of Boeing from $285.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.53.

Boeing Trading Up 0.5 %

The company has a market cap of $117.65 billion, a price-to-earnings ratio of -52.40, a price-to-earnings-growth ratio of 30.31 and a beta of 1.52. The firm’s fifty day moving average price is $200.59 and its 200-day moving average price is $209.84.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the company earned ($1.75) EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Boeing by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after acquiring an additional 892,446 shares during the last quarter. State Street Corp raised its stake in Boeing by 1.5% in the 2nd quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock valued at $5,578,184,000 after acquiring an additional 392,811 shares during the period. Capital Research Global Investors boosted its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Boeing by 109,667.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after buying an additional 16,041,103 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Institutional investors and hedge funds 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.