By otakuyassine3@gmail.com 
The Boeing Company (NYSE:BA – Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 22,880,000 shares, an increase of 10.1% from the November 30th total of 20,790,000 shares. Based on an average daily volume of 13,130,000 shares, the days-to-cover ratio is presently 1.7 days.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BA shares. TD Cowen lowered their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. UBS Group reduced their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company dropped their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. DZ Bank lowered 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, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $190.11.
Get Our Latest Stock Report on Boeing
Institutional Investors Weigh In On Boeing
Several hedge funds and other institutional investors have recently made changes to their positions in BA. Principal Financial Group Inc. lifted its position in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the last quarter. Syntax Research Inc. increased its holdings in Boeing by 18.4% in the 3rd quarter. Syntax Research Inc. now owns 4,708 shares of the aircraft producer’s stock valued at $716,000 after purchasing an additional 730 shares during the last quarter. Denver PWM LLC raised its position in Boeing by 728.9% in the third quarter. Denver PWM LLC now owns 5,487 shares of the aircraft producer’s stock valued at $834,000 after purchasing an additional 4,825 shares during the period. Inspire Trust Co. N.A. raised its position in Boeing by 81.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 10,500 shares of the aircraft producer’s stock valued at $1,596,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after buying an additional 1,055,472 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.
Boeing Price Performance
BA stock traded up $0.45 during trading on Wednesday, hitting $177.00. 9,739,162 shares of the company traded hands, compared to its average volume of 9,357,763. Boeing has a 1 year low of $137.03 and a 1 year high of $258.59. The stock’s 50-day simple moving average is $158.40 and its 200 day simple moving average is $165.41. The company has a market cap of $109.42 billion, a PE ratio of -13.72 and a beta of 1.56.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted ($3.26) EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Research analysts expect that Boeing will post -16.18 earnings per share for the current 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.
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