Boeing (NYSE:BA) Trading 4.7% Higher - Should You Buy?

The Boeing Company (NYSE:BA - Get Free Report)'s stock price traded up 4.7% during mid-day trading on Tuesday . The company traded as high as $147.77 and last traded at $145.40. 4,996,238 shares traded hands during trading, a decline of 44% from the average session volume of 8,944,664 shares. The stock had previously closed at $138.86.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.10.

Boeing Stock Performance

The company's 50-day moving average price is $168.68 and its 200 day moving average price is $163.94. The stock has a market capitalization of $117.73 billion, a PE ratio of -8.57 and a beta of 1.24.

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Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) earnings per share. Analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BA. Sierra Ocean LLC bought a new stake in Boeing in the 4th quarter worth approximately $26,000. American National Bank & Trust increased 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 position in Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of 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 buying an additional 90 shares during 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.