The Boeing Company (BA) Is Now En Route to Higher Prices

The Boeing Company (NYSE: BA) is -46.03% lower on its value in year-to-date trading and has touched a low of $89.00 and a high of $391.00 in the current 52-week trading range. The BA stock was last observed hovering at around $174.20 in the last trading session, with the day’s gains setting it 1.6% off its average median price target of $165.00 for the next 12 months. It is also 34.89% off the consensus price target high of $270.00 offered by 27 analysts, but current levels are -40.64% lower than the price target low of $125.00 for the same period.

Currently trading at $175.80, the stock is 2.29% and -0.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.27 million and changing 0.92% at the moment leaves the stock -23.09% off its SMA200. BA registered -51.54% loss for a year compared to 6-month loss of -39.23%. The firm has a 50-day simple moving average (SMA 50) of $173.23 and a 200-day simple moving average (SMA200) of $178.45.

The stock witnessed a 8.55% gain in the last 1 month and extending the period to 3 months gives it a 16.12%, and is 4.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.98% over the week and 3.96% over the month.

The Boeing Company (BA) has around 161100 employees, a market worth around $98.33B and $69.26B in sales. Fwd P/E is 44.25. Profit margin for the company is -4.10%. Distance from 52-week low is 97.53% and -55.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.90%).

The Boeing Company (BA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The Boeing Company (BA) is a “Hold”. 27 analysts offering their recommendations for the stock have an average rating of 2.90, where 14 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

The Boeing Company is expected to release its quarterly report on 10/21/2020 and quarterly earnings per share for the current quarter are estimated at -$2.1 with sales reaching $15.16B over the same period.The EPS is expected to shrink by -106.30% this year, but quarterly earnings will post -18.90% year-over-year. Quarterly sales are estimated to shrink -24.10% in year-over-year returns.

The Boeing Company (BA) Top Institutional Holders

2,359 institutions hold shares in The Boeing Company (BA), with 745.07k shares held by insiders accounting for 0.13% while institutional investors hold 66.69% of the company’s shares. The shares outstanding are 566.40M, and float is at 563.80M with Short Float at 1.43%. Institutions hold 66.60% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 41.32 million shares valued at $7.57 billion. The investor’s holdings represent 7.32% of the BA Shares outstanding. As of Jun 29, 2020, the second largest holder is Newport Trust Co with 34.3 million shares valued at $6.29 billion to account for 6.08% of the shares outstanding. The other top investors are Blackrock Inc. which holds 32.7 million shares representing 5.79% and valued at over $5.99 billion, while State Street Corporation holds 4.73% of the shares totaling 26.68 million with a market value of $4.89 billion.

The Boeing Company (BA) Insider Activity

A total of 19 insider transactions have happened at The Boeing Company (BA) in the last six months, with sales accounting for 13 and purchases happening 6 times. The most recent transaction is an insider purchase by MOLLENKOPF STEVEN M, the company’s Director. SEC filings show that MOLLENKOPF STEVEN M bought 1,152 shares of the company’s common stock on Aug 05 at a price of $173.36 per share for a total of $0.2 million. Following the purchase, the insider now owns 1152.0 shares.

The Boeing Company (BA): Who are the competitors?

The company’s main competitors (and peers) include Lockheed Martin Corporation (LMT) that is trading 2.90% up over the past 12 months. Spirit AeroSystems Holdings Inc. (SPR) is -73.45% down on the 1-year trading charts. Short interest in the company’s stock has fallen -37.14% from the last report on Jul 14, 2020 to stand at a total of 11.04 million short shares sold with a short interest ratio of 0.23.