Boeing (NYSE:BA) Stock Price Up 1.8%

The Boeing Company (NYSE:BA)’s stock price rose 1.8% during trading on Monday . The company traded as high as $189.47 and last traded at $185.27. Approximately 3,838,973 shares were traded during trading, a decline of 55% from the average daily volume of 8,519,249 shares. The stock had previously closed at $182.01.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BA. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Wednesday, April 17th. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Price Performance

The company has a market cap of $114.46 billion, a price-to-earnings ratio of -52.19 and a beta of 1.56. The firm’s 50 day simple moving average is $178.50 and its 200-day simple moving average is $198.05.

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

Institutional Investors Weigh In On Boeing

A number of institutional investors and hedge funds have recently made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Evolution Advisers Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. Vima LLC acquired a new position in shares of Boeing in the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.