In today’s recent session, 4.6 million shares of the Boeing Co. (NYSE:BA) have been traded, and its beta is 1.57. Most recently the company’s share price was $150.00, and it changed around -$4.65 or -3.01% from the last close, which brings the market valuation of the company to $92.42B. BA at last check was trading at a discount to its 52-week high of $267.54, offering almost -78.36% off that amount. The share price’s 52-week low was $149.49, which indicates that the recent value has risen by an impressive 0.34% since then. We note from Boeing Co.’s average daily trading volume that its 10-day average is 8.04 million shares, with the 3-month average coming to 7.11 million.
Boeing Co. stock received a consensus recommendation rating of Hold, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 11 recommended BA as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Boeing Co. is expected to report earnings per share of -1.49 for the current quarter.
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Boeing Co. (NYSE:BA) trade information
Instantly BA has been showing red trend so far today with a performance of -3.01% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 158.76 on recent trading dayincreased the stock’s daily price by 5.52%. The company’s shares are currently down -42.46% year-to-date, but still down -1.89% over the last five days. On the other hand, Boeing Co. (NYSE:BA) is -6.29% down in the 30-day period. We can see from the shorts that 12.61 million shares have been sold at a short interest cover period of 1.92 day(s).
The consensus price target as assigned by Wall Street analysts is $210, which translates to bulls needing to increase their stock price by 28.57% from its current value. Analyst projections state that BA is forecast to be at a low of $119 and a high of $250.
Boeing Co. (BA) estimates and forecasts
Boeing Co. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.11 percent over the past six months and at a 5.51% annual growth rate that is well below the industry average of 10.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 49.80% in revenue this quarter, and will report an increase of 85.10% in the next quarter. The year-over-year growth rate is expected to be -5.50%, down from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 18.65B in revenue for the current quarter. 20 analysts expect Boeing Co. to make 21.21B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 16.51B and 22.02B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.90%. Forecasts for the next quarter put sales growth at -3.70%.
BA Dividends
Boeing Co.’s next quarterly earnings report is expected to be released on 2024-Oct-23. The average dividend yield for the past five years averaged 2.48 per year.
Boeing Co. (NYSE:BA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.13% of Boeing Co. shares, and 67.54% of them are in the hands of institutional investors. The stock currently has a share float of 67.63%. Boeing Co. stock is held by 2440.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.3103% of the shares, which is about 50.93 million shares worth $9.27 billion.
BLACKROCK INC., with 5.921% or 36.29 million shares worth $6.61 billion as of 2024-06-30, 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 Jun 30, 2024. The former held 19.41 shares worth $2.92 billion, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 14.81 shares worth around $2.23 billion, which represents about 2.40% of the total shares outstanding.
