Boeing (NYSE:BA) Stock Price Up 1.8% – What’s Next?

The Boeing Company (NYSE:BA) shares were up 1.8% during trading on Thursday . The company traded as high as $177.35 and last traded at $175.72. Approximately 3,464,722 shares traded hands during trading, a decline of 63% from the average daily volume of 9,262,925 shares. The stock had previously closed at $172.62.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $190.11.

Boeing Trading Up 3.1 %

The firm has a market capitalization of $109.98 billion, a price-to-earnings ratio of -13.79 and a beta of 1.56. The company has a fifty day moving average price of $153.97 and a 200-day moving average price of $166.04.

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

Institutional Investors Weigh In On Boeing

Hedge funds have recently modified their holdings of the business. Wealth Alliance Advisory Group LLC lifted its position in Boeing by 1.6% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares in the last quarter. IMS Capital Management raised its stake in Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares during the period. Peoples Financial Services CORP. lifted its holdings in Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. POM Investment Strategies LLC increased its stake in shares of Boeing by 7.0% in the second quarter. POM Investment Strategies LLC now owns 1,070 shares of the aircraft producer’s stock worth $195,000 after purchasing an additional 70 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Boeing by 0.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 7,678 shares of the aircraft producer’s stock valued at $1,398,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds 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.