Boeing (NYSE:BA) Sees Large Volume Increase – Still a Buy?

The Boeing Company (NYSE:BA) saw strong trading volume on Tuesday . 7,989,233 shares were traded during trading, an increase of 3% from the previous session’s volume of 7,767,019 shares.The stock last traded at $185.05 and had previously closed at $175.16.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday. 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Price Performance

The company’s 50-day moving average is $168.24 and its 200-day moving average is $164.26. The firm has a market capitalization of $110.95 billion, a price-to-earnings ratio of -13.91 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) EPS. Sell-side analysts anticipate that The Boeing Company will post -16.39 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Institutional investors have recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter worth $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the third quarter worth about $28,000. Heck Capital Advisors LLC bought a new stake in Boeing during the 4th quarter valued at $33,000. Finally, Keystone Financial Group Inc. acquired a new stake in Boeing in the fourth quarter worth about $34,000. Institutional investors and hedge funds 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.