Boeing (NYSE:BA) Stock Price Up 2.1% – What’s Next?

The Boeing Company (NYSE:BA) shares traded up 2.1% on Thursday. The stock traded as high as $188.79 and last traded at $188.5130. 5,754,949 shares were traded during trading, a decline of 16% from the average daily volume of 6,819,068 shares. The stock had previously closed at $184.66.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Southwest Airlines is reportedly considering a new Boeing aircraft purchase. A potential order would strengthen Boeing’s commercial backlog and provide further support for the company’s production recovery. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Royal Bank of Canada lowered its Boeing price target to $235 from $265 but maintained an “outperform” rating, implying substantial potential upside from recent levels. The bullish rating signals confidence in Boeing’s longer-term recovery despite more cautious valuation assumptions.
• Positive Sentiment: Boeing delivered 161 commercial aircraft in the third quarter, including 124 737s. Rising deliveries are important because they support revenue, cash flow and progress toward stabilizing production ahead of quarterly earnings. Boeing Third-Quarter Delivery Update
• Positive Sentiment: Barclays initiated coverage with an “overweight” rating, adding another positive analyst view. Boeing’s large order book, improving commercial deliveries and defense wins are supporting the bullish case. Barclays Initiates Boeing Coverage
• Positive Sentiment: The U.S. Navy’s selection of Boeing for the next carrier-based fighter, the F/A-XX, and a reported $715 billion order book reinforce the company’s defense and long-term revenue prospects. Boeing Order Book and Fighter Jet Wins
• Neutral Sentiment: The U.S. transportation secretary is meeting with Boeing and GE leadership regarding aircraft-certification reform. Streamlined certification could benefit future aircraft programs, but the immediate financial impact remains uncertain. Aircraft Certification Reform Meeting
• Neutral Sentiment: Boeing’s board now includes more directors with aviation expertise, potentially improving oversight and future aircraft strategy, although the benefit is longer term. Boeing Board Aviation Expertise
• Negative Sentiment: Technical coverage says Boeing continues to underperform the broader market and is displaying bearish trading patterns, suggesting investor concerns remain despite favorable business headlines. How to Trade Boeing as Shares Struggle

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wolfe Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Cantor Fitzgerald lowered shares of Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein decreased their target price on shares of Boeing from $298.00 to $278.00 and set an “outperform” rating for the company in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Finally, Tigress Financial lifted their target price on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.96.

Boeing Stock Up 2.1%

The stock has a market capitalization of $149.00 billion, a price-to-earnings ratio of 81.61 and a beta of 1.26. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The firm has a 50-day moving average of $206.69 and a two-hundred day moving average of $215.77.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the business posted ($1.24) earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -0.95 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently modified their holdings of the stock. Highland Investment Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter valued at approximately $26,000. Wealth Preservation Advisors LLC increased its stake in shares of Boeing by 66.7% during the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at $27,000. Bell Investment Advisors Inc bought a new stake in Boeing in the second quarter worth $29,000. Finally, Bayban bought a new stake in Boeing in the fourth quarter worth $29,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.