Boeing (NYSE:BA) Trading Up 1.5% – Should You Buy?

The Boeing Company ( NYSE:BA – Get Free Report )’s stock price was up 1.5% during mid-day trading on Tuesday . The stock traded as high as $180.

43 and last traded at $180.41. Approximately 1,729,188 shares changed hands during trading, a decline of 81% from the average daily volume of 9,333,236 shares.



The stock had previously closed at $177.69. Analyst Upgrades and Downgrades Several brokerages have recently weighed in on BA.

TD Cowen reduced their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th.

Deutsche Bank Aktiengesellschaft decreased their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd.

Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Robert W. Baird decreased their price target on shares of Boeing from $240.

00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Susquehanna dropped their price objective on Boeing from $210.

00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock.

According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $190.11.

Check Out Our Latest Stock Analysis on BA Boeing Trading Up 0.9 % Boeing ( NYSE:BA – Get Free Report ) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.

44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10).

The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion.

The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($3.

26) earnings per share. Sell-side analysts forecast that The Boeing Company will post -16.18 EPS for the current fiscal year.

Institutional Inflows and Outflows Several institutional investors have recently modified their holdings of the company. Lantz Financial LLC boosted its holdings in Boeing by 109.7% in the second quarter.

Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock valued at $491,000 after purchasing an additional 1,410 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Boeing by 2.7% during the second quarter.

Allspring Global Investments Holdings LLC now owns 37,395 shares of the aircraft producer’s stock worth $6,806,000 after acquiring an additional 981 shares during the period. HB Wealth Management LLC grew its holdings in Boeing by 24.4% during the second quarter.

HB Wealth Management LLC now owns 12,650 shares of the aircraft producer’s stock worth $2,303,000 after acquiring an additional 2,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Boeing by 12.4% during the second quarter.

Zurcher Kantonalbank Zurich Cantonalbank now owns 126,391 shares of the aircraft producer’s stock valued at $23,004,000 after acquiring an additional 13,911 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Boeing by 3.

7% in the second quarter. Nations Financial Group Inc. IA ADV now owns 4,399 shares of the aircraft producer’s stock valued at $801,000 after acquiring an additional 155 shares during the period.

64.82% of the stock is currently owned by hedge funds and other institutional investors. About Boeing ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter .

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