Boeing (NYSE:BA) Stock Price Down 0%

The Boeing Company (NYSE:BA) traded down 0% on Wednesday . The company traded as low as $182.80 and last traded at $183.19. 949,730 shares changed hands during trading, a decline of 89% from the average session volume of 8,359,329 shares. The stock had previously closed at $183.24.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup lowered their price target on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Wednesday, April 17th. Finally, Morgan Stanley decreased their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Up 0.3 %

The company has a market capitalization of $112.79 billion, a PE ratio of -51.60 and a beta of 1.56. The business’s fifty day moving average is $180.80 and its two-hundred day moving average is $194.30.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts anticipate that The Boeing Company will post -1.67 EPS for the current year.

Hedge Funds Weigh In On Boeing

Hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing during the 4th quarter valued at $26,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing in the 4th quarter worth $28,000. Vima LLC purchased a new stake in shares of Boeing in the 4th quarter worth $34,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other 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.