Boeing (NYSE:BA) Trading 1.4% Higher – Should You Buy?

The Boeing Company (NYSE:BA) shares traded up 1.4% during mid-day trading on Monday . The company traded as high as $202.20 and last traded at $200.92. 6,205,428 shares were traded during mid-day trading, a decline of 6% from the average session volume of 6,626,964 shares. The stock had previously closed at $198.20.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China is reportedly making progress toward finalizing its previously announced commitment to purchase 200 Boeing aircraft. Any confirmation would strengthen Boeing’s commercial backlog and improve expectations for future deliveries. China making progress on finalizing Boeing purchases announced in May
• Positive Sentiment: Bank of America reiterated its Buy rating and price target despite recent weakness and concerns following a warning from Boeing’s CEO, signaling that the bank views the pullback as an opportunity. Bank of America says buy tumbling shares of aviation giant
• Positive Sentiment: Boeing’s KC-46 Pegasus tanker could represent a larger opportunity than previously expected, adding potential long-term defense revenue and supporting the company’s military-aircraft growth strategy. Boeing Stock Gains; the KC-46 Could be Bigger Than Expected
• Positive Sentiment: Boeing completed SES’s 13-satellite O3b mPOWER constellation. The successful delivery supports Boeing’s credibility in space and defense programs and may create opportunities for additional government and commercial work. Boeing Completes 13-Satellite O3b mPOWER Constellation
• Positive Sentiment: The U.S. Navy’s MQ-25A Stingray contract carries a reported price of $184 million or less per drone. Delivering close to budget could demonstrate improved program execution, although timing remains a key test. Boeing’s New MQ-25A Stingray Drone Costs $184 Million
• Neutral Sentiment: Jefferies lowered its Boeing price target from $295 to $265 but retained a Buy rating. The reduced target reflects more cautious assumptions, while the rating still implies significant longer-term upside. Jefferies lowers Boeing price target
• Negative Sentiment: Investors remain cautious ahead of the Trump-Xi summit because aircraft purchases could depend on broader negotiations over trade, tariffs, technology and Taiwan. Failure to reach an agreement could delay or reduce the potential China order. Boeing Stock Falls Ahead of Trump and Xi Talks

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and upped their price target for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. UBS Group started coverage on shares of Boeing in a research report on Tuesday, August 11th. They set a “buy” rating for the company. Finally, William Blair reissued an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.95.

Boeing Trading Up 1.4%

The company has a market cap of $158.80 billion, a P/E ratio of 86.98 and a beta of 1.21. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The business has a 50-day moving average price of $216.12 and a two-hundred day moving average price of $218.19.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.24) EPS. On average, analysts predict that The Boeing Company will post -0.91 EPS for the current year.

Institutional Trading of Boeing

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of Boeing by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after acquiring an additional 533,753 shares during the period. Fisher Asset Management LLC boosted its stake in Boeing by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares during the period. Jupiter Topco LLC bought a new position in Boeing during the 2nd quarter worth about $911,878,000. Janus Henderson Group PLC grew its holdings in shares of Boeing by 43.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after buying an additional 1,176,074 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Boeing by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,613,462 shares of the aircraft producer’s stock worth $784,555,000 after acquiring an additional 89,106 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Company Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.