Boeing (NYSE:BA) Shares Down 0% – Should You Sell?

The Boeing Company (NYSE:BA)’s share price fell 0% during trading on Wednesday . The company traded as low as $173.88 and last traded at $175.55. 1,726,580 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 7,686,167 shares. The stock had previously closed at $175.56.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Finally, Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Down 0.5 %

The company’s 50 day moving average is $164.20 and its 200 day moving average is $164.46. The firm has a market capitalization of $108.02 billion, a price-to-earnings ratio of -13.54 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS 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 the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.26) earnings per share. On average, analysts expect that The Boeing Company will post -16.46 EPS for the current year.

Hedge Funds Weigh In On Boeing

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in 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 purchasing an additional 7,739 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Boeing by 5.3% during the 2nd quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock worth $7,515,000 after buying an additional 2,066 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Boeing by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after buying an additional 7,182 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Boeing by 1,401.6% in the second quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock valued at $506,000 after acquiring an additional 2,593 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Boeing by 72.7% in the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after acquiring an additional 9,171 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

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.