The Boeing Company (NYSE:BA) traded at $235.08 at last check on *Close price adjusted for splits.**Adjusted close price adjusted for both dividends and splits., made an upward move of 0.33% on its previous day’s price.
Looking at the stock we see that its previous close was $234.31 and the beta (5Y monthly) reads 1.62 with the day’s price range being $233.82 – 237.09. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, BA has a high of $278.57 and a low of $113.89. The company’s stock has gained about -8.01% over that past 30 days.
The Boeing Company has a market cap of $137.98 Billion and is expected to release its quarterly earnings report on Jul 27, 2021- Aug 02, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the BA stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.55, with the EPS growth for the year raised at -$0.91 for 2021 and $5.3 for next year. These figures represent -0.92% and -6.82% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the BA stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 27 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the The Boeing Company (BA) stock as a Hold, while 12 rate it as a Buy. 1 analyst(s) rate it as outperform while 2 of them rated it as underperform, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the BA stock currently stands at 0, and the most recent price level today is -4.15% off its SMA20 and -2.71% from its 50-day simple moving average. The RSI (14) is pointing at 42.41 while the volatility over the past week is 2.16% and jumps to 2.34% over the past one month. The beta value is 1.62, while the average true range (ATR) is currently pointing at 6.95. The average price target for the stock over the next 12 months is $255.38, with the estimates having a low of $165 and a high of $314. These price ends are -29.81% and +33.57% off the today’s price level respectively, although investors could be excited at the prospect of a +11.66% if the BA share price touches on the median price of $262.5.
Let’s briefly compare The Boeing Company (BA) stock to its peers. We find that today’s price change of +0.33% and +66.15% over the past 12 months for BA competes that of Lockheed Martin Corp (LMT), which has seen its stock price rise 0.64% in the latest trading session and is -2.18% over the last one year. Another of its peers Northrop Grumman Corp (NOC) has climbed 1.7% today, and was +7.19% up over the past year, while General Dynamics Corp (GD) is also up 0.33% yet, while its price remains in the green at 66.15% over the same period. The Boeing Company has a P/E ratio of 0 compared to Lockheed Martin Corp’s 15.24 and Northrop Grumman Corp’s 12.98. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.42% and 0.89%, respectively, in early deals.
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Coming back to The Boeing Company (NYSE:BA), we note that the average 3-month trading volume was 16.49 Million, while that of the preceding 10-day period stands at 14.96 Million. Current shares outstanding are 584.81 Million.
According to data from Thomson Reuters, insiders hold 0.09% of the company’s shares while institutions hold 54.64%. The data shows that short shares as of April 14, 2021, stood at 9.86 Million at a short ratio of 0.57. This represents a 1.69% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 11.18 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +9.46% up in year-to-date price movement.