Boeing (NYSE:BA) Shares Up 5.6% - What's Next?

The Boeing Company (NYSE:BA - Get Free Report) shot up 5.6% during mid-day trading on Wednesday . The company traded as high as $171.00 and last traded at $170.66. 2,587,980 shares changed hands during trading, a decline of 66% from the average session volume of 7,635,709 shares. The stock had previously closed at $161.57.

Analyst Ratings Changes

BA has been the subject of several recent research reports. Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Wells Fargo & Company increased their target price on Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a report on Monday, March 17th. Finally, StockNews.com raised shares of Boeing to a "sell" rating in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $195.68.

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Boeing Stock Up 3.2 %

The company has a market cap of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53. The stock has a 50 day simple moving average of $172.98 and a 200 day simple moving average of $163.59.

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

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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 trade represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

Several large investors have recently added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter valued at $28,000. HighMark Wealth Management LLC increased its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares in 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.