Boeing Co. [NYSE: BA] stock went on a downward path that fall over -2.04% on Tuesday, amounting to a one-week price increase of more than 3.51%. The company report on March 25, 2024 at 8:00 AM that Boeing Announces Board and Management Changes.
– Dave Calhoun announces intent to step down as CEO at the end of 2024; Calhoun will continue to lead Boeing through year-end.
– Independent Board Chair Larry Kellner announces his decision not to stand for re-election at annual meeting; Steve Mollenkopf appointed new chair.
Over the last 12 months, BA stock dropped by -5.08%. The one-year Boeing Co. stock forecast points to a potential upside of 25.62. The average equity rating for BA stock is currently 1.75, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $114.40 billion, with 609.52 million shares outstanding and 609.16 million shares in the current float. Compared to the average trading volume of 10.18M shares, BA stock reached a trading volume of 8952970 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Boeing Co. [BA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BA shares is $252.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BA stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northcoast have made an estimate for Boeing Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 23, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $255 to $225. The new note on the price target was released on January 25, 2024, representing the official price target for Boeing Co. stock. Previously, the target price had yet another drop from $306 to $279, while Susquehanna kept a Positive rating on BA stock. On January 16, 2024, analysts decreased their price target for BA shares from 280 to 225.
The Average True Range (ATR) for Boeing Co. is set at 5.18, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.47. Price to Free Cash Flow for BA in the course of the last twelve months was 25.81 with Quick ratio for the last quarter at 0.31.
BA Stock Performance Analysis:
Boeing Co. [BA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.51. With this latest performance, BA shares dropped by -6.50% in over the last four-week period, additionally sinking by -5.67% over the last 6 months – not to mention a drop of -5.08% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BA stock in for the last two-week period is set at 40.69, with the RSI for the last a single of trading hit 43.44, and the three-weeks RSI is set at 39.96 for Boeing Co. [BA]. The present Moving Average for the last 50 days of trading for this stock 200.74, while it was recorded at 188.65 for the last single week of trading, and 213.03 for the last 200 days.
Insight into Boeing Co. Fundamentals:
Boeing Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 1.14.
BA Stock EPS
With the latest financial reports released by the company, Boeing Co. posted -1.27/share EPS, while the average EPS was predicted by analysts to be reported at -1.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BA.
Boeing Co. [BA] Institutonal Ownership Details
The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BA stock with ownership which is approximately 5.8325%.
