Boeing (NYSE:BA) Stock Price Up 1.1%

The Boeing Company (NYSE:BA)’s share price rose 1.1% during trading on Friday . The company traded as high as $187.30 and last traded at $186.39. Approximately 1,172,984 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 8,122,503 shares. The stock had previously closed at $184.35.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 target price on shares of Boeing in a report on Wednesday, May 15th. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. 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. Barclays dropped their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Finally, Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Performance

The firm’s 50-day moving average is $181.70 and its 200 day moving average is $189.05. The firm has a market capitalization of $115.08 billion, a PE ratio of -52.50 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate 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. As a group, equities analysts anticipate that The Boeing Company will post -2.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BA. Capital Research Global Investors lifted its holdings in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Boeing during the 4th quarter worth about $960,397,000. Wellington Management Group LLP increased its position in Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares in the last quarter. Finally, Boston Partners grew its position in Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after acquiring an additional 1,617,151 shares in the last quarter. 64.82% of the stock is currently 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.