Boeing (NYSE:BA) Trading Down 1.4%

The Boeing Company (NYSE:BA)’s stock price was down 1.4% on Monday . The company traded as low as $183.83 and last traded at $184.33. Approximately 1,103,414 shares changed hands during trading, a decline of 86% from the average daily volume of 8,110,409 shares. The stock had previously closed at $186.89.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. Robert W. Baird cut their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Sanford C. Bernstein reduced their target price on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Royal Bank of Canada lowered their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Price Performance

The firm has a 50-day moving average of $181.76 and a two-hundred day moving average of $187.75.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $26,000. Evolution Advisers Inc. purchased a new position in shares of Boeing during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing in the 4th quarter valued at approximately $28,000. Vima LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $34,000. Finally, Hobbs Group Advisors LLC acquired a new position in Boeing during the second quarter worth $34,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

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.