Boeing (NYSE:BA) Trading 1.3% Higher

The Boeing Company (NYSE:BA) rose 1.3% during trading on Friday . The company traded as high as $156.98 and last traded at $156.66. Approximately 1,926,197 shares were traded during trading, a decline of 76% from the average daily volume of 7,991,784 shares. The stock had previously closed at $154.58.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BA. Jefferies Financial Group lowered their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Robert W. Baird cut their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein dropped their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $209.83.

Boeing Stock Up 1.1 %

The company’s fifty day simple moving average is $168.52 and its 200 day simple moving average is $176.15. The firm has a market capitalization of $95.96 billion, a PE ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) earnings per share. Equities research analysts forecast that The Boeing Company will post -4.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SS&H Financial Advisors Inc. increased its position in Boeing by 7.3% during the 2nd quarter. SS&H Financial Advisors Inc. now owns 7,720 shares of the aircraft producer’s stock valued at $1,405,000 after buying an additional 525 shares in the last quarter. Heritage Wealth Management Inc. bought a new position in shares of Boeing during the second quarter valued at $483,000. Lazari Capital Management Inc. raised its position in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Boeing in the 2nd quarter worth about $21,405,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Boeing during the 2nd quarter valued at about $82,000. 64.82% of the stock is currently 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.