Boeing (NYSE:BA) Trading Down 1.3% - What's Next?

Shares of The Boeing Company (NYSE:BA - Get Free Report) were down 1.3% during trading on Friday . The stock traded as low as $152.00 and last traded at $153.48. Approximately 2,780,775 shares were traded during trading, a decline of 69% from the average daily volume of 8,992,650 shares. The stock had previously closed at $155.52.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. StockNews.com upgraded shares of Boeing to a "sell" rating in a research note on Saturday, April 5th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company raised their price objective on Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a report on Monday, March 17th. Finally, Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $196.10.

Remove Ads

Boeing Stock Up 0.9 %

The stock has a fifty day moving average price of $168.68 and a two-hundred day moving average price of $164.00. The company has a market capitalization of $117.73 billion, a price-to-earnings ratio of -8.57 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the firm posted ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently modified their holdings of the stock. Keynote Financial Services LLC lifted its stake in Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. lifted its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after purchasing an additional 60 shares during the period. Finally, Trek Financial LLC grew its holdings in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

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.