A share price of Boeing Co. [BA] is currently trading at $187.78, up 3.67%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BA shares have gain 2.98% over the last week, with a monthly amount drifted -7.67%, and not seem to be holding up well over a long-time horizon.
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On 5, March 2024, Ethiopian Airlines to Expand Widebody Fleet with Up to 20 Boeing 777X Jets. In a post published today on Yahoo Finance, – With commitment for eight 777-9s and up to 12 more, Ethiopian Airlines is first African customer for highly fuel-efficient 777X passenger jet.
From an analyst’s perspective:
Boeing Co. [NYSE: BA] stock has seen the most recent analyst activity on February 23, 2024, when Northcoast downgraded its rating to a Neutral. Previously, BofA Securities downgraded its rating to Neutral on January 25, 2024, and dropped its price target to $225. On January 18, 2024, Susquehanna reiterated its Positive rating and revised its price target to $279 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $225 on January 16, 2024. Edward Jones downgraded its rating to a Hold. In a note dated December 01, 2023, Stifel initiated an Buy rating and provided a target price of $265 on this stock.
Boeing Co. experienced fluctuations in its stock price throughout the past year between $176.25 and $267.54. Currently, Wall Street analysts expect the stock to reach $238.25 within the next 12 months. Boeing Co. [NYSE: BA] shares were valued at $187.78 at the most recent close of the market. An investor can expect a potential return of 26.88% based on the average BA price forecast.
Analyzing the BA fundamentals
Trailing Twelve Months sales for Boeing Co. [NYSE:BA] were 77.79B which represents 10.20% growth. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.14 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 181.49 points at the first support level, and at 175.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 191.18, and for the 2nd resistance point, it is at 194.59.
Boeing Co. [BA] reported earnings per share of -$0.47 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.78/share, meaning a difference of $0.31 and a surprise factor of 39.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$2.97 per share as compared to estimates of -$2.7 per share, a difference of -$0.27 representing a surprise of -10.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Boeing Co. [NYSE:BA] is 1.14. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.47.
Transactions by insiders
Recent insider trading involved COLBERT THEODORE III, EVP, Pres. & CEO, BDS, that happened on Aug 01 ’23 when 8500.0 shares were sold. Director, MOLLENKOPF STEVEN M completed a deal on Jul 31 ’23 to buy 850.0 shares. Meanwhile, Chief Engineer & EVP, ET&T McKenzie Howard E sold 412.0 shares on May 01 ’23.
