Boeing (NYSE:BA) Shares Up 2.1% – Here’s Why

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

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Analyst Upgrades and Downgrades

Several research firms have weighed in on BA. Wolfe Research raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. UBS Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, September 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of Boeing in a research report on Sunday, September 27th. TD Cowen lowered their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, Tigress Financial raised their target price on shares of Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.96.

Boeing Price Performance

The stock has a market capitalization of $150.16 billion, a P/E ratio of 82.24 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 firm has a 50-day moving average price of $204.93 and a 200 day moving average price of $215.57.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share 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 firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the firm earned ($1.24) EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -0.96 EPS for the current year.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently made changes to their positions in BA. McAlister Sweet & Associates Inc. grew its stake in shares of Boeing by 57.2% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 45,420 shares of the aircraft producer’s stock valued at $8,450,000 after acquiring an additional 16,531 shares during the period. Integrated Wealth Concepts LLC raised its stake in Boeing by 16.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer’s stock worth $9,182,000 after acquiring an additional 5,862 shares during the period. Louisiana State Employees Retirement System purchased a new position in Boeing during the first quarter valued at approximately $7,961,000. Mather Group LLC. lifted its holdings in Boeing by 347.3% during the third quarter. Mather Group LLC. now owns 23,183 shares of the aircraft producer’s stock valued at $4,313,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock valued at $2,237,000 after purchasing an additional 5,726 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.