Boeing (NYSE:BA) Shares Up 1.4% – Still a Buy?

Shares of The Boeing Company (NYSE:BA) rose 1.4% during trading on Wednesday . The stock traded as high as $210.65 and last traded at $208.6050. 6,353,705 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 6,653,219 shares. The stock had previously closed at $205.66.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Analyst optimism is increasing after Boeing’s second-quarter cash-flow improvement. Argus upgraded the stock to Buy, citing the company’s record backlog, expected revenue growth and potential margin recovery as production and profitability improve. Q2 Cash Flow Turnaround Supports Boeing’s Rating Upgrade
• Positive Sentiment: Ethiopian Airlines is reportedly nearing an agreement to purchase as many as 10 Boeing long-haul freighters. A deal would provide a potential order boost and support Boeing’s efforts to expand its presence in Africa’s growing commercial aviation market. Ethiopian Airlines Nears Boeing Cargo Plane Order
• Positive Sentiment: Albany International extended its agreement to manufacture composite fuselage frames for Boeing’s 787 Dreamliner, supporting visibility for the program’s supply chain and long-term production activity. Albany Extends Boeing 787 Components Contract
• Positive Sentiment: Boeing delivered the final group of mPower satellites, offering a modest positive update for its space business and demonstrating continued program execution. Boeing Delivers Final Round of mPower Satellites
• Neutral Sentiment: Billionaire investors David Tepper and Paul Tudor Jones reportedly initiated Boeing positions, suggesting some institutional investors see long-term recovery potential despite weak technical momentum. Their trades do not change Boeing’s operating fundamentals. Tepper and Tudor Jones Take Boeing Positions
• Negative Sentiment: Boeing paid a previously undisclosed $3.1 million FAA fine for widespread safety and quality violations, including alleged interference with safety officials and presentation of non-airworthy aircraft for certification. Although financially small, the penalty renews concerns about regulatory oversight and the company’s safety culture following the 737 MAX 9 door-plug incident. Boeing Paid FAA Fine Over Safety Violations
• Negative Sentiment: Boeing continues to lose money building airplanes, even though those losses are narrowing. The company also faces potentially significant liabilities from its $8.4 billion Spirit AeroSystems acquisition, increasing execution and balance-sheet risks. Boeing’s Spirit AeroSystems Deal Faces Losses

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Tigress Financial increased their price objective on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, August 6th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $300.00 in a report on Monday, August 3rd. UBS Group began coverage on shares of Boeing in a research report on Tuesday, August 11th. They set a “buy” rating for the company. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $272.58.

Boeing Stock Performance

The business’s fifty day moving average price is $219.73 and its 200-day moving average price is $220.29. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a market capitalization of $166.40 billion, a PE ratio of 91.14 and a beta of 1.21.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the prior year, the firm posted ($1.24) EPS. Boeing’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at $25,000. Strive Financial Group LLC bought a new stake in Boeing during the fourth quarter worth about $25,000. Highland Investment Advisors LLC purchased a new position in shares of Boeing in the 2nd quarter worth about $26,000. CrossGen Wealth LLC bought a new position in shares of Boeing during the 4th quarter valued at about $26,000. Finally, Strategic Wealth Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.