Boeing (NYSE:BA) Stock Price Down 0.5% - Time to Sell?

The Boeing Company (NYSE:BA - Get Free Report)'s stock price traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $171.86 and last traded at $172.26. 3,867,132 shares were traded during mid-day trading, a decline of 58% from the average session volume of 9,223,098 shares. The stock had previously closed at $173.17.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Boeing from $232.00 to $202.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $195.00 to $190.00 and set an "overweight" rating on the stock in a report on Monday, November 25th. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Finally, Sanford C. Bernstein downgraded shares of Boeing from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $190.11.

Boeing Trading Down 0.0 %

The firm has a market capitalization of $107.00 billion, a PE ratio of -13.42 and a beta of 1.56. The stock has a 50 day simple moving average of $153.51 and a 200 day simple moving average of $165.99.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company posted ($3.26) EPS. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current year.

Institutional Trading of Boeing

A number of hedge funds and other institutional investors have recently modified their holdings of BA. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC purchased a new stake in Boeing during the 2nd quarter valued at $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer's stock worth $39,000 after purchasing an additional 165 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other 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.