Boeing (NYSE:BA) Trading 0.4% Higher

The Boeing Company (NYSE:BA) shares traded up 0.4% on Wednesday . The stock traded as high as $186.32 and last traded at $185.55. 909,386 shares were traded during trading, a decline of 90% from the average session volume of 9,056,766 shares. The stock had previously closed at $184.78.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen decreased their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a report on Wednesday, April 17th. Finally, Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $221.24.

Boeing Price Performance

The firm has a market cap of $107.13 billion, a P/E ratio of -48.32 and a beta of 1.54. The company’s 50-day simple moving average is $179.17 and its 200 day simple moving average is $205.56.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Analysts anticipate that The Boeing Company will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $26,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing in the 4th quarter valued at about $28,000. Evolution Advisers Inc. bought a new stake in shares of Boeing in the 4th quarter valued at about $28,000. Vima LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $34,000. Finally, Accent Capital Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.