Boeing (NYSE:BA) Stock Price Up 1.8%

The Boeing Company (NYSE:BA) was up 1.8% during trading on Monday . The company traded as high as $189.47 and last traded at $185.27. Approximately 3,838,973 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 8,519,249 shares. The stock had previously closed at $182.01.

Analysts Set New Price Targets

A number of analysts recently commented on BA shares. Robert W. Baird dropped their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. TD Cowen dropped their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Sanford C. Bernstein dropped their target price on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Bank of America boosted their target price on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Up 2.4 %

The stock has a market capitalization of $114.46 billion, a PE ratio of -52.19 and a beta of 1.56. The stock’s 50-day moving average is $178.50 and its 200 day moving average is $198.05.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate 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 EPS for the current year.

Institutional Trading of Boeing

A number of hedge funds have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing during the 4th quarter worth about $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. Vima LLC acquired a new stake in shares of Boeing during the 4th quarter worth about $34,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Boeing during the 4th quarter worth about $39,000. 64.82% of the stock is owned by institutional investors.

About Boeing

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.