Boeing Co. (NYSE:BA) has a beta value of 1.57 and has seen 9.54 million shares traded in the last trading session. The company, currently valued at $91.80B, closed the last trade at $148.99 per share which meant it lost -$2.03 on the day or -1.34% during that session. The BA stock price is -79.57% off its 52-week high price of $267.54 and 1.83% above the 52-week low of $146.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.51 million shares traded. The 3-month trading volume is 7.45 million shares.
The consensus among analysts is that Boeing Co. (BA) is Buy stock at the moment, with a recommendation rating of 2.14. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 21 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.65.
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Boeing Co. (NYSE:BA) trade information
Sporting -1.34% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BA stock price touched $148.99 or saw a rise of 4.92%. Year-to-date, Boeing Co. shares have moved -42.84%, while the 5-day performance has seen it change -4.44%. Over the past 30 days, the shares of Boeing Co. (NYSE:BA) have changed -4.96%. Short interest in the company has seen 12.75 million shares shorted with days to cover at 1.37.
Wall Street analysts have a consensus price target for the stock at $210, which means that the shares’ value could jump 29.05% from current levels. The projected low price target is $119.0 while the price target rests at a high of $250.0. In that case, then, we find that the current price level is -67.8% off the targeted high while a plunge would see the stock lose 20.13% from current levels.
Boeing Co. (BA) estimates and forecasts
Figures show that Boeing Co. shares have underperformed across the wider relevant industry. The company’s shares have lost -11.22% over the past 6 months, with this year growth rate of 5.51%, compared to 11.10% for the industry. Revenue growth from the last financial year stood is estimated to be -6.10%.
20 analysts offering their estimates for the company have set an average revenue estimate of 18.43B for the current quarter. 20 have an estimated revenue figure of 20.96B for the next ending quarter. Year-ago sales stood 16.51B and 22.02B respectively for this quarter and the next, and analysts expect sales will grow by 11.60% for the current quarter and -6.10% for the next.
BA Dividends
Boeing Co. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Boeing Co. (NYSE:BA)’s Major holders
Insiders own 0.13% of the company shares, while shares held by institutions stand at 67.55% with a share float percentage of 67.64%. Investors are also buoyed by the number of investors in a company, with Boeing Co. having a total of 2433.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 50.93 million shares worth more than $9.27 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.3103% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 36.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.61 billion and represent 5.921% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.15% shares in the company for having 19.41 shares of worth $2.89 billion while later fund manager owns 14.81 shares of worth $2.21 billion as of Jun 30, 2024 , which makes it owner of about 2.40% of company’s outstanding stock.
