Boeing (NYSE:BA) Trading Up 0.1%

The Boeing Company (NYSE:BA) was up 0.1% during trading on Monday . The stock traded as high as $171.18 and last traded at $169.69. Approximately 1,781,229 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 9,813,084 shares. The stock had previously closed at $169.55.

Analyst Ratings Changes

Several research analysts recently commented on BA shares. TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna dropped their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Morgan Stanley dropped their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $233.88.

Boeing Stock Up 1.6 %

The business’s fifty day simple moving average is $192.69 and its 200 day simple moving average is $207.80.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.75) EPS. Equities analysts forecast that The Boeing Company will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently added to or reduced their stakes in the business. United Bank boosted its holdings in shares of Boeing by 4.7% during the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after acquiring an additional 226 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Boeing by 1,064.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after acquiring an additional 777 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Boeing by 68.0% during the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 2,879 shares during the period. Prudential PLC acquired a new position in shares of Boeing during the first quarter valued at $836,000. Finally, Dakota Wealth Management boosted its holdings in shares of Boeing by 26.7% during the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after acquiring an additional 448 shares during the period. Institutional investors and hedge funds 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.