Boeing (NYSE:BA) Trading 0.4% Higher – Should You Buy?

The Boeing Company (NYSE:BA)’s share price shot up 0.4% during trading on Monday . The stock traded as high as $177.91 and last traded at $177.26. 2,583,971 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 8,444,401 shares. The stock had previously closed at $176.52.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Citigroup cut their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Performance

The company has a market capitalization of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52. The company’s fifty day simple moving average is $170.47 and its two-hundred day simple moving average is $164.00.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares in the last quarter. 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.