Boeing Co [NYSE: BA] stock went on an upward path that rose over 4.10% on Friday, amounting to a one-week price increase of more than 6.49%.
Over the last 12 months, BA stock dropped by -32.11%. The one-year Boeing Co stock forecast points to a potential upside of 16.65. The average equity rating for BA stock is currently 2.20, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $116.18 billion, with 747.58 million shares outstanding and 746.56 million shares in the current float. Compared to the average trading volume of 12.04M shares, BA stock reached a trading volume of 13326942 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 $179.12 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 2.20. 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.
Bernstein have made an estimate for Boeing Co shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 30, 2024. While these analysts kept the previous recommendation, Bernstein dropped their target price from $207 to $195. The new note on the price target was released on October 17, 2024, representing the official price target for Boeing Co stock. Previously, the target price had yet another raise to $152, while DZ Bank analysts kept a Hold rating on BA stock. On September 03, 2024, analysts decreased their price target for BA shares from 185 to 119.
The Average True Range (ATR) for Boeing Co is set at 5.02, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.59.
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 6.49. With this latest performance, BA shares dropped by -3.81% in over the last four-week period, additionally sinking by -14.46% over the last 6 months – not to mention a drop of -32.11% 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 50.69, with the RSI for the last a single of trading hit 54.91, and the three-weeks RSI is set at 48.51 for Boeing Co [BA]. The present Moving Average for the last 50 days of trading for this stock 151.69, while it was recorded at 145.65 for the last single week of trading, and 173.79 for the last 200 days.
Insight into Boeing Co Fundamentals:
Boeing Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.27 and a Current Ratio set at 1.12.
BA Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Boeing Co go to 34.60%.
Boeing Co [BA] Institutonal Ownership Details
There are presently around $55.74%, or 55.80%% of BA stock, in the hands of institutional investors. The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 50.93 million shares, which is approximately 8.3103%. BLACKROCK INC., holding 36.29 million shares of the stock with an approximate value of $$6.61 billion in BA stocks shares; and BLACKROCK INC., currently with $$5.76 billion in BA stock with ownership which is approximately 5.1624%.
