Boeing (NYSE:BA) Shares Down 0.1% on Analyst Downgrade

The Boeing Company (NYSE:BA) shares were down 0.1% on Monday after Citigroup lowered their price target on the stock from $209.00 to $207.00. Citigroup currently has a buy rating on the stock. Boeing traded as low as $175.55 and last traded at $175.90. Approximately 1,982,098 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 7,604,622 shares. The stock had previously closed at $176.06.

Several other equities analysts have also weighed in on the stock. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Susquehanna dropped their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter valued at about $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the third quarter valued at about $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the fourth quarter worth about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.4 %

The company has a fifty day moving average price of $166.42 and a two-hundred day moving average price of $164.29. The company has a market cap of $108.40 billion, a price-to-earnings ratio of -13.59 and a beta of 1.52.

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.