Boeing (NYSE:BA) Shares Down 0.8% – Should You Sell?

Shares of The Boeing Company (NYSE:BA) were down 0.8% during trading on Monday . The company traded as low as $170.31 and last traded at $170.59. Approximately 1,425,258 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 7,836,214 shares. The stock had previously closed at $172.00.

Wall Street Analyst Weigh In

BA has been the subject of several research reports. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, UBS Group reduced their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Trading Down 1.2 %

The stock has a market capitalization of $105.01 billion, a P/E ratio of -13.17 and a beta of 1.52. The company has a 50-day moving average price of $161.39 and a two-hundred day moving average price of $165.16.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates 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. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.26) EPS. Research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BA. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the 2nd quarter valued at about $33,000. Planning Capital Management Corp increased its holdings in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Boeing by 325.4% in the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after purchasing an additional 231 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

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.