A look into The Boeing Company (BA)’s deeper side

The Boeing Company (NYSE: BA) stock jumped 1.36% on Wednesday to $174.85 against a previous-day closing price of $172.50. With 3.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.53 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $175.00 whereas the lowest price it dropped to was $171.77. The 52-week range on BA shows that it touched its highest point at $229.67 and its lowest point at $113.02 during that stretch. It currently has a 1-year price target of $187.48. Beta for the stock currently stands at 1.46.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BA was up-trending over the past week, with a rise of 1.25%, but this was up by 19.23% over a month. Three-month performance surged to 3.23% while six-month performance rose 43.25%. The stock lost -16.39% in the past year, while it has lost -13.15% so far this year. A look at the trailing 12-month EPS for BA yields -14.27 with Next year EPS estimates of 2.39. For the next quarter, that number is 0.25. This implies an EPS growth rate of 65.80% for this year and 127.80% for next year.

Float and Shares Shorts:

At present, 596.30 million BA shares are outstanding with a float of 595.36 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.2 million, which was 1.55% higher than short shares on Sep 14, 2022. In addition to Mr. David L. Calhoun as the firm’s Pres, CEO & Director, Mr. Brian J. West serves as its Exec. VP of Fin. & CFO.


Institutional Ownership:

Through their ownership of 50.49% of BA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 30.38% of BA, in contrast to 26.89% held by mutual funds. Shares owned by individuals account for 0.90%. As the largest shareholder in BA with 7.55% of the stake, Newport Trust Co. holds 44,977,130 shares worth 44,977,130. A second-largest stockholder of BA, The Vanguard Group, Inc., holds 43,067,348 shares, controlling over 7.23% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in BA, holding 26,240,512 shares or 4.40% stake. With a 2.99% stake in BA, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 17,820,311 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.14% of BA stock, is the second-largest Mutual Fund holder. It holds 12,772,910 shares valued at 1.82 billion. SPDR S&P 500 ETF Trust holds 1.06% of the stake in BA, owning 6,290,321 shares worth 896.43 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BA since 26 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BA analysts setting a high price target of $242.00 and a low target of $121.00, the average target price over the next 12 months is $188.10. Based on these targets, BA could surge 38.4% to reach the target high and fall by -30.8% to reach the target low. Reaching the average price target will result in a growth of 7.58% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BA will report FY 2022 earnings on 01/25/2023. Analysts have provided yearly estimates in a range of $2.12 being high and -$10.65 being low. For BA, this leads to a yearly average estimate of -$7.83. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Boeing Company surprised analysts by -$6.31 when it reported -$6.18 EPS against a consensus estimate of $0.13. The surprise factor in the prior quarter was -$0.24. Based on analyst estimates, the high estimate for the next quarter is $1.30 and the low estimate is -$1.36. The average estimate for the next quarter is thus $0.32.

Summary of Insider Activity:

Insiders traded BA stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 16,992 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 172,759 while 25,760 shares were sold.

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