Somewhat Negative Press Coverage Somewhat Unlikely to Affect Boeing Company (The) (BA) Share Price
Press coverage about Boeing Company (The) (NYSE:BA) has been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boeing Company (The) earned a news sentiment score of -0.06 on Accern’s scale. Accern also assigned press coverage about the aircraft producer an impact score of 43.3679407630576 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- [$$] Canada and UK warn Boeing over Bombardier suit (finance.yahoo.com)
- Boeing rebuffs Canada PM Trudeau’s criticism of U.S. trade challenge (finance.yahoo.com)
- US engineer enamored with spy dramas gets 5 years for trying to sell sensitive secrets to Russian agent (finance.yahoo.com)
- United Airlines plans final flight for its Boeing 747 fleet (Photos) (finance.yahoo.com)
- PRESS DIGEST- Financial Times – Sept 19 (finance.yahoo.com)
A number of analysts recently issued reports on BA shares. Barclays PLC increased their price objective on Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, May 22nd. ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Cowen and Company reissued an “outperform” rating and set a $215.00 price objective on shares of Boeing Company (The) in a report on Tuesday, June 13th. Vetr cut Boeing Company (The) from a “buy” rating to a “hold” rating and set a $202.94 price objective on the stock. in a report on Thursday, June 15th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $218.00 price objective (up previously from $192.00) on shares of Boeing Company (The) in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Boeing Company (The) has a consensus rating of “Buy” and a consensus price target of $233.86.
Boeing Company (NYSE BA) traded up 1.64% during trading on Monday, reaching $253.08. The company had a trading volume of 5,192,959 shares. The company has a market capitalization of $149.59 billion, a PE ratio of 22.17 and a beta of 1.18. The firm’s 50 day moving average is $239.04 and its 200 day moving average is $201.98. Boeing Company has a one year low of $127.57 and a one year high of $253.79.
Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same period in the prior year, the company earned ($0.44) earnings per share. The business’s revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts predict that Boeing Company will post $9.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a $1.42 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.24%. Boeing Company (The)’s payout ratio is 49.74%.
In other news, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock valued at $20,353,814 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.
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Boeing Company (The) Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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