Boeing (NYSE:BA) Trading 0% Higher – Here’s What Happened

The Boeing Company (NYSE:BA) was up 0% on Friday . The company traded as high as $139.87 and last traded at $138.17. Approximately 3,204,156 shares were traded during trading, a decline of 65% from the average daily volume of 9,134,666 shares. The stock had previously closed at $138.14.

Analyst Ratings Changes

Several analysts have recently weighed in on BA shares. Susquehanna dropped their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Trading Up 1.2 %

The company has a fifty day moving average price of $153.55 and a two-hundred day moving average price of $169.67. The firm has a market capitalization of $86.44 billion, a PE ratio of -10.71 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -16.09 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in BA. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the 3rd quarter valued at $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter worth $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors 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.