Boeing Co. [BA] stock is trading at $155.91, up 0.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The BA shares have gain 2.55% over the last week, with a monthly amount drifted -1.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Boeing Co. [NYSE: BA] stock has seen the most recent analyst activity on September 03, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $119 from $185. Previously, Bernstein reaffirmed its Outperform rating on August 05, 2024, and dropped its price target to $207. On April 30, 2024, downgrade downgraded it’s rating to Hold. Northcoast downgraded its rating to a Sell but stick to its price target of $140 on April 17, 2024. BofA Securities reiterated its recommendation of a Neutral and reduced its price target to $190 on April 11, 2024. Melius downgraded its rating to Hold for this stock on April 01, 2024. In a note dated February 23, 2024, Northcoast downgraded an Neutral rating on this stock.
Boeing Co. [BA] stock has fluctuated between $149.49 and $267.54 over the past year. Currently, Wall Street analysts expect the stock to reach $207 within the next 12 months. Boeing Co. [NYSE: BA] shares were valued at $155.91 at the most recent close of the market. An investor can expect a potential return of 32.77% based on the average BA price forecast.
Analyzing the BA fundamentals
Boeing Co. [NYSE:BA] reported sales of 73.56B for the trailing twelve months, which represents a drop of -14.61%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.2 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.22.
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 154.14 points at the first support level, and at 152.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 158.22, and for the 2nd resistance point, it is at 160.53.
Ratios To Look Out For
For context, Boeing Co.’s Current Ratio is 1.18. On the other hand, the Quick Ratio is 0.30, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.31.
