Boeing (NYSE:BA) Stock Price Up 0.9% - Should You Buy?

The Boeing Company (NYSE:BA - Get Free Report)'s stock price traded up 0.9% during mid-day trading on Tuesday . The company traded as high as $163.00 and last traded at $160.70. 2,538,965 shares traded hands during trading, a decline of 72% from the average session volume of 9,034,360 shares. The stock had previously closed at $159.34.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup lifted their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley upped their price objective on Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $198.45.

Boeing Stock Performance

The company has a market cap of $132.00 billion, a PE ratio of -9.62 and a beta of 1.24. The company has a fifty day moving average of $165.01 and a two-hundred day moving average of $164.43.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. On average, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on 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 $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently made changes to their positions in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing during the fourth quarter valued at about $26,000. American National Bank & Trust lifted its position in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by 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.