Boeing (NYSE:BA) Trading Down 0.8% - Time to Sell?

Shares of The Boeing Company (NYSE:BA - Get Free Report) fell 0.8% during mid-day trading on Monday . The company traded as low as $170.31 and last traded at $170.59. 1,425,258 shares changed hands during trading, a decline of 82% from the average session volume of 7,836,214 shares. The stock had previously closed at $172.00.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BA shares. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein downgraded Boeing from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an "underweight" rating for the company in a research note on Monday, November 4th. Two 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.21.

Boeing Price Performance

The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The stock has a 50 day moving average price of $161.70 and a two-hundred day moving average price of $165.07.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. Boeing's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) EPS. Sell-side analysts forecast that The Boeing Company will post -16.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after buying an additional 1,251,456 shares during the period. International Assets Investment Management LLC increased its stake in shares of Boeing by 289.8% in the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the period. Franklin Resources Inc. raised its position in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after acquiring an additional 1,055,472 shares during the last quarter. Wulff Hansen & CO. lifted its stake in shares of Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer's stock worth $176,073,000 after acquiring an additional 960,993 shares during the period. Finally, State Street Corp boosted its holdings in Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after acquiring an additional 636,594 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.