Boeing (NYSE:BA) Stock Price Down 0.4%

The Boeing Company (NYSE:BA - Get Free Report)'s share price fell 0.4% on Tuesday . The company traded as low as $184.46 and last traded at $185.18. 1,160,914 shares changed hands during trading, a decline of 86% from the average session volume of 8,394,832 shares. The stock had previously closed at $185.84.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BA. Morgan Stanley cut their price objective on Boeing from $235.00 to $180.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 10th. Citigroup dropped their price target on Boeing from $252.00 to $224.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. Argus lowered Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday, April 30th. Robert W. Baird dropped their price target on Boeing from $300.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, June 3rd. Finally, Baird R W upgraded Boeing to a "strong-buy" rating in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $220.89.

Boeing Stock Down 1.4 %

The stock has a market cap of $112.49 billion, a P/E ratio of -51.62 and a beta of 1.56. The company's 50 day moving average price is $180.80 and its two-hundred day moving average price is $194.30.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts' consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities research analysts forecast that The Boeing Company will post -1.67 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Institutional investors and hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing during the 4th quarter valued at about $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. Vima LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $34,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $39,000. 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.