Boeing (NYSE:BA) Trading Down 0.3% – Time to Sell?

The Boeing Company (NYSE:BA) was down 0.3% on Thursday . The stock traded as low as $169.61 and last traded at $172.04. Approximately 5,102,402 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 9,248,348 shares. The stock had previously closed at $172.51.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen lowered their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. The Goldman Sachs Group lowered their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Up 0.2 %

The company has a fifty day simple moving average of $161.39 and a 200-day simple moving average of $165.32. The firm has a market cap of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts forecast that The Boeing Company will post -16.18 EPS for the current year.

Institutional Trading of Boeing

Several hedge funds have recently bought and sold shares of BA. American Century Companies Inc. lifted its position in shares of Boeing by 20.8% in the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after acquiring an additional 7,739 shares in the last quarter. BOKF NA lifted its position in shares of Boeing by 14.1% in the second quarter. BOKF NA now owns 18,589 shares of the aircraft producer’s stock valued at $3,383,000 after acquiring an additional 2,298 shares in the last quarter. PFG Advisors lifted its position in shares of Boeing by 16.6% in the second quarter. PFG Advisors now owns 5,100 shares of the aircraft producer’s stock valued at $928,000 after acquiring an additional 726 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in shares of Boeing by 20.7% in the second quarter. Main Street Financial Solutions LLC now owns 5,049 shares of the aircraft producer’s stock valued at $919,000 after acquiring an additional 866 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Boeing by 1.6% in the second quarter. Oppenheimer & Co. Inc. now owns 37,380 shares of the aircraft producer’s stock valued at $6,804,000 after acquiring an additional 599 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

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.