Media coverage about Boeing (NYSE:BA) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boeing earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the aircraft producer an impact score of 44.2647131953649 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Boeing drops objection to United Technologies, Rockwell Collins merger – Seeking Alpha (seekingalpha.com)
- The key to cheaper US rocket launches may sit in Brazil’s jungle (finance.yahoo.com)
- Go Long Boeing’s Stock and Get Handsomely Paid (finance.yahoo.com)
- [$$] Boeing Ends Objection to United Technologies-Rockwell Merger (finance.yahoo.com)
- David Calhoun Named Boeing Lead Director, Kenneth Duberstein Nominated for Re-election to Board (govconwire.com)
Several research firms have recently commented on BA. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 14th. Vetr cut shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 target price for the company. in a research report on Thursday, March 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $373.00 target price (up from $340.00) on shares of Boeing in a research report on Friday, February 23rd. Edward Jones raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Buckingham Research set a $289.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, February 8th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $358.47.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. Boeing’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $2.47 EPS. sell-side analysts anticipate that Boeing will post 14.05 EPS for the current fiscal year.
Boeing announced that its Board of Directors has approved a share repurchase program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.28% of the company’s stock.
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Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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