The Boeing Company (NYSE:BA - Get Free Report) traded up 1.2% on Friday . The company traded as high as $171.76 and last traded at $170.97. 2,370,607 shares were traded during trading, a decline of 68% from the average session volume of 7,440,130 shares. The stock had previously closed at $168.93.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Susquehanna reduced their price objective on shares of Boeing from $210.00 to $200.00 and set a "positive" rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an "underweight" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an "overweight" rating for the company in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.21.
View Our Latest Stock Report on Boeing
Boeing Price Performance
The firm has a 50 day moving average of $162.40 and a two-hundred day moving average of $164.98. The stock has a market cap of $105.06 billion, a PE ratio of -13.18 and a beta of 1.52.
Boeing (NYSE:BA - Get Free Report) last issued 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 firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.26) EPS. As a group, equities analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal year.
Institutional Trading of Boeing
Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer's stock worth $8,189,000 after acquiring an additional 7,739 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Boeing by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer's stock worth $232,479,000 after buying an additional 98,973 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Boeing by 8.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,449 shares of the aircraft producer's stock worth $1,902,000 after buying an additional 841 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Boeing by 15.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,184 shares of the aircraft producer's stock valued at $7,755,000 after acquiring an additional 5,704 shares during the period. Finally, Waterloo Capital L.P. raised its stake in Boeing by 56.2% during the 2nd quarter. Waterloo Capital L.P. now owns 1,610 shares of the aircraft producer's stock valued at $293,000 after acquiring an additional 579 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.
About Boeing
(
Get Free Report)
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.
Further Reading
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