Is The Boeing Company (BA) Good For Your Portfolio?


The Boeing Company (NYSE:BA) saw a downside of -1.20% to close Friday at $151.82 after subtracting -$1.84 on the day. The 5-day average trading volume is 5,602,840 shares of the company’s common stock. It has gained $169.92 in the past week and touched a new high 2 times within the past 5 days. An average of 5,571,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,823,378.

BA’s 1-month performance is -8.82% or -$11.46 on its low of $150.82 reached on 09/01/22. The company’s shares have touched a 52-week low of $113.02 and high of $233.94, with the stock’s rally to the 52-week high happening on 01/18/22. YTD, BA has lost -24.59% or -$49.50 and has reached a new high 6 times. However, the current price is down -35.10% from the 52-week high price.

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Insider Transactions

On Nov 05, 305 days have gone by since the last insider trading activity for The Boeing Company (BA). Dandridge Edward Lee (SVP, Communications) most recently sold 990 shares at $221.87 per share on Nov 05. This transaction cost the insider $219,651.

Valuation Metrics

BA stock has a beta of 1.35. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50.

The Boeing Company’s quick ratio for the period ended June 29 was 0.30, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 2.70%. The firm’s gross profit as reported stood at $3.05 billion against revenue of $62.29 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, The Boeing Company’s cash and short-term investments amounted to $1.36 billion against total debt of $57.2 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -204.15% to $193.0 million, while revenue of -$1.22 billion was 731.61% off the previous quarter. Analysts expected BA to announce -$0.16 per share in earnings in its latest quarter, but it posted -$0.37, representing a -131.20% surprise. EBITDA for the quarter stood at more than $1.28 billion. BA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 150.27 billion, with total debt at $57.2 billion. Shareholders hold equity totaling $593.81 million.

Let’s look briefly at The Boeing Company (BA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 02 September was 30.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.44%.

The stock’s 5-day moving average is $158.67, reflecting a -7.73% or -$12.71 change from its current price. BA is currently trading -8.01% above its 20-day SMA, -13.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.32% and SMA200 by-32.76%.

Stochastic %K and %D was 10.45% and 19.35% and the average true range (ATR) pointed at 5.75. The RSI (14) points at 38.74%, while the 14-day stochastic is at 4.34% with the period’s ATR at 5.69. The stock’s 9-day MACD Oscillator is pointing at -5.97 and -7.67 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Boeing Company (NYSE: BA), BofA Securities reiterated its a Neutral rating for the company but lifted their price target by $150 to $170. Analysts offering their rating for BA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BA as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 16 have offered a “buy” rating.

What is BA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $160.00 and a high of $298.00, with their median price target at $200.00. Looking at these predictions, the average price target given by analysts is for The Boeing Company (BA) stock is $210.84.


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