After A 1.37% Gain In Share Price, Is Boeing Co. (NYSE:BA) A Better Trade Than Others?

In recent trading session, Boeing Co. (NYSE:BA) saw 1.72 million shares changing hands at last check today with its beta currently measuring 1.57. Company’s recent per share price level of $156.70 trading at $2.12 or 1.37% at last check today assigns it a market valuation of $96.55B. That most recent trading price of BA’s stock is at a discount of -70.73% from its 52-week high price of $267.54 and is indicating a premium of 3.22% from its 52-week low price of $151.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.92 million shares which gives us an average trading volume of 6.96 million if we extend that period to 3-months.

For Boeing Co. (BA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.14. Splitting up the data highlights that, out of 21 analysts covering the stock, 3 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.04 in the current quarter.

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Boeing Co. (NYSE:BA) trade information

Upright in the green today for gaining 1.37%, in the last five days BA remained trading in the green while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $156.70 price level, adding 1.09% to its value on the day. Boeing Co.’s shares saw a change of -39.89% in year-to-date performance and have moved 2.22% in past 5-day. Boeing Co. (NYSE:BA) showed a performance of -8.21% in past 30-days. Number of shares sold short was 12.61 million shares which calculate 1.92 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 212.5 to the stock, which implies a rise of 26.26% to its recent value today. Analysts have been projecting 119 as a low price target for the stock while placing it at a high target of 250. It follows that stock’s current price would jump 24.06% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.06% for stock’s current value.

Boeing Co. (BA) estimates and forecasts

Statistics highlight that Boeing Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.81% of value to its shares in past 6 months, showing an annual growth rate of 26.51% while that of industry is 12.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.00% from the last financial year’s standing.

20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 19.29B for the same. And 20 analysts are in estimates of company making revenue of 21.97B in the next quarter. Company posted 16.51B and 22.02B of sales in current and next quarters respectively a year earlier.

Boeing Co. (NYSE:BA)’s Major holders

Insiders are in possession of 0.13% of company’s total shares while institution are holding 67.64 percent of that, with stock having share float percentage of 67.73%. Investors also watch the number of corporate investors in a company very closely, which is 67.64% institutions for Boeing Co. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at BA for having 50.93 million shares of worth $9.27 billion. And as of 2024-06-30, it was holding 8.3103 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 36.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.921 of outstanding shares, having a total worth of $6.61 billion.