Boeing (NYSE:BA) Stock Falls 2.5% – Here’s What Happened

The Boeing Company (NYSE:BA)’s stock price dropped 2.5% during trading on Thursday. The stock traded as low as $186.76 and last traded at $187.4640. Approximately 6,459,122 shares changed hands during trading, a decline of 5% from the average daily volume of 6,812,203 shares. The stock had previously closed at $192.28.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA granted final certification to Boeing’s long-delayed 737 MAX 10, clearing the way for passenger deliveries beginning in 2027. The aircraft has backing for approximately 1,555 ordered planes, giving Boeing a potential new source of deliveries and revenue while improving its ability to compete with Airbus’ A321neo. Boeing’s largest 737 MAX jet wins FAA certification, clearing way for deliveries
• Positive Sentiment: Analysts view the MAX 10 approval as a potential catalyst for stabilizing narrowbody production and deliveries as aircraft demand strengthens in 2027 and 2028. A related Alaska Airlines endorsement could support customer confidence and future orders. Boeing wins FAA certification for 737 MAX 10
• Neutral Sentiment: Boeing is scheduled to release third-quarter results before the market opens on October 27. Analysts expect improvement in the bottom line, with investors focused on deliveries, services demand, revenue, cash generation and management’s outlook. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: The near-term outlook remains constrained by supply-chain delays, the lengthy MAX 10 certification process and Boeing’s negative return on invested capital. Investors may be reluctant to fully revalue BA until the company demonstrates sustained production growth, deliveries and cash-flow recovery. Boeing Stock Before Q3 Earnings Release: To Buy or Not to Buy?

Analyst Ratings Changes

BA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Boeing in a research report on Sunday, September 27th. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and increased their price target for the company from $230.00 to $300.00 in a research note on Monday, August 3rd. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Finally, William Blair restated an “outperform” rating on shares of Boeing in a research report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $266.96.

Boeing Stock Performance

The firm has a market cap of $148.17 billion, a P/E ratio of 81.15 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The stock’s 50-day moving average is $201.61 and its 200 day moving average is $215.33.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $24.26 billion. During the same quarter in the prior year, the firm posted ($1.24) earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -1.08 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 BA. Highland Investment Advisors LLC bought a new stake in Boeing during the 2nd quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing in the second quarter valued at approximately $27,000. Retirement Wealth Solutions LLC lifted its stake in Boeing by 3,575.0% in the third quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock valued at $27,000 after buying an additional 143 shares in the last quarter. Bell Investment Advisors Inc acquired a new position in shares of Boeing in the second quarter valued at approximately $29,000. Finally, Security National Bank of SO Dak acquired a new position in shares of Boeing in the second quarter valued at approximately $30,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.