Boeing (NYSE:BA) Stock Price Up 1.3% - Should You Buy?

The Boeing Company (NYSE:BA - Get Free Report) shares shot up 1.3% on Monday . The company traded as high as $171.77 and last traded at $171.14. 9,537,359 shares were traded during trading, an increase of 1% from the average session volume of 9,471,018 shares. The stock had previously closed at $168.93.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price objective on Boeing from $86.00 to $85.00 and set an "underweight" rating on the stock in a report on Monday, November 4th. DZ Bank cut Boeing from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $195.00 to $190.00 and set an "overweight" rating on the stock in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

Boeing Stock Performance

The business has a fifty day moving average of $163.15 and a 200-day moving average of $164.61. The firm has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($3.26) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in Boeing by 2.3% during 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 buying an additional 636,594 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock valued at $1,774,705,000 after purchasing an additional 320,415 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Boeing by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer's stock worth $739,957,000 after purchasing an additional 277,350 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Boeing by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock worth $624,749,000 after purchasing an additional 67,474 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.