In the latest trading session, 5.48 million Boeing Co. (NYSE:BA) shares changed hands as the company’s beta touched 1.57. With the company’s most recent per share price at $154.09 changing hands around $2.05 or 1.35% at last look, the market valuation stands at $94.95B. BA’s current price is a discount, trading about -73.63% off its 52-week high of $267.54. The share price had its 52-week low at $151.24, which suggests the last value was 1.85% up since then. When we look at Boeing Co.’s average trading volume, we note the 10-day average is 9.88 million shares, with the 3-month average coming to 7.03 million.
Analysts gave the Boeing Co. (BA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.07. If we narrow down to specifics, the data shows that 3 out of 21 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended BA as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Boeing Co.’s EPS for the current quarter is expected to be -1.04.
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Boeing Co. (NYSE:BA) trade information
Instantly BA is in green as seen in intraday trades today. With action -1.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.88%, with the 5-day performance at -1.10% in the red. However, in the 30-day time frame, Boeing Co. (NYSE:BA) is -11.31% down. Looking at the short shares, we see there were 12.61 million shares sold at short interest cover period of 1.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 212.5, meaning bulls need an upside of 27.49% from its recent market value. According to analyst projections, BA’s forecast low is 119 with 250 as the target high. To hit the forecast high, the stock’s price needs a -62.24% plunge from its current level, while the stock would need to tank 22.77% for it to hit the projected low.
Boeing Co. (BA) estimates and forecasts
Data shows that the Boeing Co. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.05% over the past 6 months, a 26.51% in annual growth rate that is considerably higher than the industry average of 11.60%. Year-over-year growth is forecast to reach -4.00% down from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 19.29B. 20 analysts are of the opinion that Boeing Co.’s revenue for the current quarter will be 21.97B. The company’s revenue for the corresponding quarters a year ago was 16.51B and 22.02B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.80%. The estimates for the next quarter sales put growth at -0.20%.
The 2024 estimates are for Boeing Co. earnings to increase by 13.76%.
BA Dividends
Boeing Co. is expected to release its next quarterly earnings report on 2024-Oct-23. During the past 5 years, the average dividend yield was 2.48 per year.
Boeing Co. (NYSE:BA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.13% of Boeing Co. shares while 67.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.65%. There are 67.56% institutions holding the Boeing Co. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.3103% of the shares, roughly 50.93 million BA shares worth $9.27 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.921% or 36.29 million shares worth $6.61 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 19.41 shares estimated at $2.97 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.40% of the shares, roughly 14.81 shares worth around $2.27 billion.
