The Boeing Company (NYSE:BA) Short Interest Up 9.5% in January

The Boeing Company (NYSE:BA) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 25,060,000 shares, an increase of 9.5% from the December 31st total of 22,880,000 shares. Based on an average daily volume of 13,310,000 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BA. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Hedge Funds Weigh In On Boeing

Hedge funds have recently modified their holdings of the stock. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter worth $28,000. HighMark Wealth Management LLC increased its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in Boeing in the third quarter worth $28,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.3 %

NYSE:BA traded down $0.57 during trading hours on Monday, hitting $175.95. 6,486,647 shares of the stock traded hands, compared to its average volume of 8,653,088. Boeing has a 1 year low of $137.03 and a 1 year high of $213.77. The company has a market cap of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52. The stock has a 50 day moving average price of $169.50 and a 200 day moving average price of $164.05.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the firm earned ($0.47) EPS. Equities analysts forecast that Boeing will post -2.12 earnings per share for the current fiscal year.

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.