Boeing Company (The) (BA) Getting Somewhat Negative News Coverage, Study Shows
News headlines about Boeing Company (The) (NYSE:BA) have trended somewhat negative on Sunday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boeing Company (The) earned a news sentiment score of -0.05 on Accern’s scale. Accern also assigned news coverage about the aircraft producer an impact score of 42.8520048685547 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- UPDATE 1-Boeing helped finance bailout of Monarch Airlines in 2016 -FT (feeds.reuters.com)
- Boeing helped finance bailout of Monarch Airlines in 2016: FT – Reuters (reuters.com)
- Boeing helped finance bailout of Monarch Airlines in 2016- FT (feeds.reuters.com)
- Boeing September Order Report: Uptick In Orders (seekingalpha.com)
BA has been the topic of a number of research reports. Canaccord Genuity restated a “hold” rating and set a $215.00 target price (up from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus restated a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective on the stock in a research report on Monday, August 7th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Boeing Company (The) has an average rating of “Hold” and a consensus price target of $241.21.
Boeing Company (NYSE BA) traded down 0.12% during trading on Friday, reaching $258.58. Boeing Company has a 52 week low of $131.39 and a 52 week high of $259.30. The stock has a market capitalization of $152.84 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21. The stock has a 50-day moving average of $246.17 and a 200-day moving average of $209.22.
Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. Analysts forecast that Boeing Company will post $10.01 EPS for the current year.
In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 in the last ninety days. Insiders own 0.28% of the company’s stock.
About Boeing Company (The)
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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