Boeing Co (BA) stock expected to gain 29.58% in the coming months

At the time of writing, Boeing Co [BA] stock is trading at $155.44, up 1.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BA shares have gain 8.39% over the last week, with a monthly amount glided 0.75%, and 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 October 30, 2024, when Bernstein downgraded its rating to a Mkt Perform. Previously, Bernstein reaffirmed its Outperform rating on October 17, 2024, and dropped its price target to $195. On October 15, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $152 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $119 on September 03, 2024. Bernstein reiterated its recommendation of a Outperform and reduced its price target to $207 on August 05, 2024. Argus downgraded its rating to Hold for this stock on April 30, 2024. In a note dated April 17, 2024, Northcoast downgraded an Sell rating on this stock but restated the target price of $140.

For the past year, the stock price of Boeing Co fluctuated between $137.03 and $267.54. Currently, Wall Street analysts expect the stock to reach $201.42 within the next 12 months. Boeing Co [NYSE: BA] shares were valued at $155.44 at the most recent close of the market. An investor can expect a potential return of 29.58% based on the average BA price forecast.

Analyzing the BA fundamentals

According to Boeing Co [NYSE:BA], the company’s sales were 73.29B for trailing twelve months, which represents an -1.46% plunge. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is 0.42 and Total Capital is -0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.45.

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 153.03 points at the first support level, and at 150.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.68, and for the 2nd resistance point, it is at 159.92.

Ratios To Look Out For

It is important to note that Boeing Co [NYSE:BA] has a current ratio of 1.12. In addition, the Quick Ratio stands at 0.27 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 1.62.

Transactions by insiders

Recent insider trading involved Theodore Colbert III, Officer, that happened on Nov 26 ’24 when 10000.0 shares were purchased.

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