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The Boeing Company (NYSE: BA): Would You Buy Today?

In today’s recent session, 1.1 million shares of the The Boeing Company (NYSE:BA) have been traded, and its beta is 1.42. Most recently the company’s share price was $199.07, and it changed around -$3.53 or -1.74% from the last close, which brings the market valuation of the company to $122.92B. BA at last check was trading at a discount to its 52-week high of $221.33, offering almost -11.18% off that amount. The share price’s 52-week low was $113.02, which indicates that the recent value has risen by an impressive 43.23% since then. We note from The Boeing Company’s average daily trading volume that its 10-day average is 3.83 million shares, with the 3-month average coming to 5.52 million.

The Boeing Company stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 1 out of 26 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 9 recommended BA as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. The Boeing Company is expected to report earnings per share of $Bank of America Corporation for the current quarter.

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The Boeing Company (NYSE:BA) trade information

Instantly BA has been showing red trend so far today with a performance of -1.74% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 208.37 on Tuesday, 05/23/23 increased the stock’s daily price by 4.46%. The company’s shares are currently up 4.50% year-to-date, but still down -3.77% over the last five days. On the other hand, The Boeing Company (NYSE:BA) is -1.54% down in the 30-day period. We can see from the shorts that 7.75 million shares have been sold at a short interest cover period of 1.36 day(s).

The consensus price target as assigned by Wall Street analysts is $237.05, which translates to bulls needing to increase their stock price by 16.02% from its current value. Analyst projections state that BA is forecast to be at a low of $180.00 and a high of $291.00. In order for the stock price to hit the forecast high, the stock would need to plunge -46.18% from its current level, while the stock would need to crash 9.58% from its current level to reach the projected low.

The Boeing Company (BA) estimates and forecasts

The Boeing Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.11 percent over the past six months and at a 93.40% annual growth rate that is well above the industry average of 8.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.00%.

BA Dividends

The Boeing Company’s next quarterly earnings report is expected to be released around July 25 and July 31.

The Boeing Company (NYSE:BA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.09% of The Boeing Company shares, and 59.40% of them are in the hands of institutional investors. The stock currently has a share float of 59.46%. The Boeing Company stock is held by 2,517 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 7.78% of the shares, which is about 46.81 million shares worth $9.94 billion.

Newport Trust Co, with 6.75% or 40.63 million shares worth $8.63 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 18.12 million shares worth $3.45 billion, making up 3.02% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 12.95 million shares worth around $2.47 billion, which represents about 2.16% of the total shares outstanding.

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