News stories about Boeing (NYSE:BA) have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Boeing earned a daily sentiment score of -1.35 on their scale. InfoTrie also assigned news headlines about the aircraft producer an news buzz score of 7 out of 10, meaning that recent media coverage is likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Boeing’s ranking:
- Alaska Air unveils new Anchorage hangar (business.financialpost.com)
- United Airlines attendants say Boeing smoke detectors busted their ear drums (marketwatch.com)
- How investors can stay balanced in a seesawing stock market (finance.yahoo.com)
- UPDATE 4-Fly Jamaica flight makes emergency landing in Guyana, six hurt (feeds.reuters.com)
- Airline attendants say Boeing smoke detectors busted their ear drums (marketwatch.com)
Shares of Boeing stock traded down $1.43 during trading on Friday, hitting $369.34. 2,589,843 shares of the stock traded hands, compared to its average volume of 4,183,956. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. The firm has a market capitalization of $211.26 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.30. Boeing has a 52 week low of $259.60 and a 52 week high of $394.28.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a dividend yield of 1.85%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.
A number of equities analysts have weighed in on BA shares. Canaccord Genuity restated a “hold” rating and issued a $350.00 target price on shares of Boeing in a research note on Tuesday, July 24th. Jefferies Financial Group upped their target price on Boeing to $410.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $407.00 target price on the stock in a research note on Friday, October 26th. Cowen restated a “buy” rating and issued a $430.00 target price on shares of Boeing in a research note on Friday, July 13th. Finally, Credit Suisse Group upped their target price on Boeing from $455.00 to $456.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Boeing has a consensus rating of “Buy” and an average target price of $410.21.
In other news, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.
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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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