Boeing (NYSE:BA) Shares Up 0.4% – Still a Buy?

The Boeing Company (NYSE:BA) was up 0.4% on Monday . The stock traded as high as $177.91 and last traded at $177.26. Approximately 2,583,971 shares changed hands during trading, a decline of 69% from the average daily volume of 8,444,401 shares. The stock had previously closed at $176.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BA shares. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Citigroup cut their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, UBS Group lifted their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Down 0.3 %

The firm has a fifty day moving average of $169.50 and a 200-day moving average of $164.05. The stock has a market capitalization of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

A number of institutional investors have recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at $28,000. HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the third quarter valued at about $28,000. 64.82% of the stock is owned by institutional investors and hedge funds.

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.