During the last session, Boeing Co. (NYSE:BA)’s traded shares were 50.71 million, with the beta value of the company hitting 1.57. At the end of the trading day, the stock’s price was $154.29, reflecting an intraday gain of 0.86% or $1.31. The 52-week high for the BA share is $267.54, that puts it down -73.4 from that peak though still a striking 5.36% gain since the share price plummeted to a 52-week low of $146.02. The company’s market capitalization is $112.74B, and the average intraday trading volume over the past 10 days was 20.49 million shares, and the average trade volume was 9.23 million shares over the past three months.
Boeing Co. (BA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. BA has a Sell rating from 3 analyst(s) out of 21 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.72.
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Boeing Co. (NYSE:BA) trade information
Boeing Co. (BA) registered a 0.86% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.86% in intraday trading to $154.29, hitting a weekly high. The stock’s 5-day price performance is -1.76%, and it has moved by 0.05% in 30 days. Based on these gigs, the overall price performance for the year is -15.39%. The short interest in Boeing Co. (NYSE:BA) is 14.42 million shares and it means that shorts have 1.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $204.5, which implies an increase of 24.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $109 and $250 respectively. As a result, BA is trading at a discount of -62.03% off the target high and 29.35% off the low.
Boeing Co. (BA) estimates and forecasts
Statistics show that Boeing Co. has underperformed its competitors in share price, compared to the industry in which it operates. Boeing Co. (BA) shares have gone down -10.01% during the last six months, with a year-to-date growth rate less than the industry average at -179.17% against 10.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -266.00% this quarter and then jump 69.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -11.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 17.81B as predicted by 17 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 19.76B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 22.02B and 16.23B respectively. In this case, analysts expect current quarter sales to shrink by -19.10% and then jump by 21.80% in the coming quarter.
While earnings are projected to return -174.77% in 2024.
BA Dividends
Boeing Co. is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 2.48%.
Boeing Co. (NYSE:BA)’s Major holders
Boeing Co. insiders own 0.13% of total outstanding shares while institutional holders control 67.52%, with the float percentage being 67.61%. VANGUARD GROUP INC is the largest shareholder of the company, while 2381.0 institutions own stock in it. As of 2024-06-30, the company held over 50.93 million shares (or 8.3103% of all shares), a total value of $9.27 billion in shares.
The next largest institutional holding, with 36.29 million shares, is of BLACKROCK INC.’s that is approximately 5.921% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.61 billion.
