The Boeing Company (NYSE: BA) stock jumped 0.80% on Thursday to $200.87 against a previous-day closing price of $199.27. With 3.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.41 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $201.75 whereas the lowest price it dropped to was $196.60. The 52-week range on BA shows that it touched its highest point at $221.33 and its lowest point at $113.02 during that stretch. It currently has a 1-year price target of $235.43. Beta for the stock currently stands at 1.42.
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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 down-trending over the past week, with a drop of -3.07%, but this was down by -1.06% over a month. Three-month performance surged to 1.37% while six-month performance rose 16.45%. The stock gained 68.23% in the past year, while it has gained 5.45% so far this year. A look at the trailing 12-month EPS for BA yields -6.92 with Next year EPS estimates of 5.34. For the next quarter, that number is -0.86. This implies an EPS growth rate of -16.20% for this year and 498.50% for next year.
Float and Shares Shorts:
At present, 602.50 million BA shares are outstanding with a float of 595.36 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.75 million, which was 1.29% higher than short shares on Mar 30, 2023. 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 59.40% of BA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 31.28% of BA, in contrast to 29.67% held by mutual funds. Shares owned by individuals account for 0.93%. As the largest shareholder in BA with 7.41% of the stake, The Vanguard Group, Inc. holds 44,595,136 shares worth 44,595,136. A second-largest stockholder of BA, Newport Trust Co., holds 40,633,046 shares, controlling over 6.75% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BA, holding 27,464,357 shares or 4.57% stake. With a 3.09% stake in BA, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 18,592,534 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.19% of BA stock, is the second-largest Mutual Fund holder. It holds 13,199,113 shares valued at 2.73 billion. American Funds Growth Fund of Ame holds 1.11% of the stake in BA, owning 6,667,822 shares worth 1.38 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BA reported revenue of $16.68B and operating income of $756.00M. The EBITDA in the recently reported quarter was $1.51B and diluted EPS was $0.32.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BA since 0 analysts follow the stock currently. 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 $291.00 and a low target of $180.00, the average target price over the next 12 months is $237.05. Based on these targets, BA could surge 44.87% to reach the target high and fall by -10.39% to reach the target low. Reaching the average price target will result in a growth of 18.01% 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.
Summary of Insider Activity:
Insiders traded BA stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 11,530 shares were bought while 412 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 244,817 while 13,014 shares were sold.
