The Boeing Company (NYSE:BA - Get Free Report) rose 1.9% on Monday . The company traded as high as $184.53 and last traded at $181.28. Approximately 3,842,953 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 9,039,568 shares. The stock had previously closed at $177.95.
Analyst Upgrades and Downgrades
BA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. TD Securities reiterated a "buy" rating and set a $180.00 price objective on shares of Boeing in a research note on Thursday. Citigroup increased their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $181.00 to $218.00 in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.90.
Read Our Latest Stock Analysis on BA
Boeing Stock Performance
The firm's 50 day moving average price is $164.87 and its two-hundred day moving average price is $164.82. The company has a market cap of $137.08 billion, a P/E ratio of -9.92 and a beta of 1.24.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The business's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.13) EPS. As a group, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.
Insiders Place Their Bets
In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company's stock.
Hedge Funds Weigh In On Boeing
Several institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter worth $26,000. American National Bank & Trust increased its stake in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.
Boeing Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Boeing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.
While Boeing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
