Boeing (NYSE:BA) Stock Price Down 1.5%

The Boeing Company (NYSE:BA)’s stock price dropped 1.5% on Friday . The stock traded as low as $180.47 and last traded at $181.23. Approximately 1,342,194 shares were traded during trading, a decline of 84% from the average daily volume of 8,299,932 shares. The stock had previously closed at $183.91.

Analysts Set New Price Targets

Several analysts recently issued reports on BA shares. Sanford C. Bernstein lowered their price target on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Morgan Stanley dropped their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. UBS Group decreased their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Citigroup dropped their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Down 0.8 %

The firm’s 50 day moving average is $181.15 and its two-hundred day moving average is $194.16. The stock has a market cap of $111.94 billion, a price-to-earnings ratio of -51.05 and a beta of 1.56.

Boeing (NYSE:BA) last announced its quarterly earnings results 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 company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, analysts anticipate that The Boeing Company will post -1.72 EPS for the current fiscal year.

Institutional Trading of Boeing

Several hedge funds have recently bought and sold shares of BA. Beech Hill Advisors Inc. increased its holdings in shares of Boeing by 15.5% during the second quarter. Beech Hill Advisors Inc. now owns 11,122 shares of the aircraft producer’s stock valued at $2,024,000 after purchasing an additional 1,490 shares during the period. Sanders Morris Harris LLC raised its position in shares of Boeing by 5.3% during the 2nd quarter. Sanders Morris Harris LLC now owns 23,975 shares of the aircraft producer’s stock worth $4,364,000 after buying an additional 1,200 shares in the last quarter. Walker Asset Management LLC lifted its stake in shares of Boeing by 18.5% in the 2nd quarter. Walker Asset Management LLC now owns 1,279 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 200 shares during the period. Norway Savings Bank boosted its holdings in shares of Boeing by 18.1% in the second quarter. Norway Savings Bank now owns 8,955 shares of the aircraft producer’s stock valued at $1,630,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Avondale Wealth Management increased its stake in shares of Boeing by 50.0% during the second quarter. Avondale Wealth Management now owns 600 shares of the aircraft producer’s stock valued at $109,000 after acquiring an additional 200 shares during the period. 64.82% of the stock is currently owned by 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.