Boeing (NYSE:BA) Stock Price Up 0% – Time to Buy?

The Boeing Company (NYSE:BA) rose 0% on Friday . The stock traded as high as $169.71 and last traded at $167.77. Approximately 2,688,560 shares traded hands during trading, a decline of 71% from the average daily volume of 9,199,844 shares. The stock had previously closed at $167.75.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BA. Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Trading Up 1.0 %

The company’s 50-day moving average is $152.49 and its 200 day moving average is $166.16. The firm has a market cap of $104.72 billion, a PE ratio of -13.01 and a beta of 1.56.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The firm’s revenue was down 1.5% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal year.

Institutional Trading of Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Denver PWM LLC grew its stake in shares of Boeing by 728.9% during the third quarter. Denver PWM LLC now owns 5,487 shares of the aircraft producer’s stock worth $834,000 after purchasing an additional 4,825 shares during the period. Inspire Trust Co. N.A. grew its holdings in Boeing by 81.0% during the third quarter. Inspire Trust Co. N.A. now owns 10,500 shares of the aircraft producer’s stock valued at $1,596,000 after purchasing an additional 4,700 shares during the period. Franklin Resources Inc. increased its stake in Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. Tidal Investments LLC raised its holdings in Boeing by 2.1% in the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer’s stock worth $5,812,000 after purchasing an additional 804 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Boeing by 290.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer’s stock valued at $2,593,000 after buying an additional 12,680 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.