Boeing (NYSE:BA) Stock Price Up 1.9% – What’s Next?

The Boeing Company (NYSE:BA) shares rose 1.9% during mid-day trading on Monday . The company traded as high as $184.53 and last traded at $181.28. Approximately 3,842,953 shares traded hands during trading, a decline of 57% from the average daily volume of 9,039,568 shares. The stock had previously closed at $177.95.

Analyst Ratings Changes

A number of research firms have weighed in on BA. Citigroup lifted their target price on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $181.00 to $218.00 in a report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Morgan Stanley upped their price target on shares of Boeing from $175.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, TD Securities reissued a “buy” rating and set a $180.00 price objective on shares of Boeing in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $200.90.

Boeing Trading Up 2.2 %

The company has a market cap of $137.08 billion, a P/E ratio of -9.92 and a beta of 1.24. The stock’s 50 day moving average is $164.87 and its 200-day moving average is $164.82.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the company earned ($1.13) earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently bought and sold shares of BA. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter worth about $26,000. American National Bank & Trust increased its stake in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 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.