Boeing (NYSE:BA) Trading 0.3% Higher Following Analyst Upgrade

The Boeing Company (NYSE:BA - Get Free Report) rose 0.3% on Friday after StockNews.com upgraded the stock to a sell rating. The stock traded as high as $180.33 and last traded at $176.77. Approximately 2,946,702 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 9,048,256 shares. The stock had previously closed at $176.26.

A number of other equities research analysts have also recently issued reports on the company. 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. JPMorgan Chase & Co. increased their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Citigroup raised their target price on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday. Benchmark lowered their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $198.45.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Boeing

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter worth about $27,000. American National Bank & Trust lifted its holdings 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 acquiring an additional 128 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

The firm's fifty day moving average is $164.87 and its 200-day moving average is $164.69. The company has a market capitalization of $133.46 billion, a P/E ratio of -9.71 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.