Boeing Co. (BA): A Great Stock For Handling Current Market Conditions?

Currently, there are 616.17M common shares owned by the public and among those 615.05M shares have been available to trade.

The company’s stock has a 5-day price change of 0.48% and -12.73% over the past three months. BA shares are trading -40.04% year to date (YTD), with the 12-month market performance down to -21.83% lower. It has a 12-month low price of $152.60 and touched a high of $267.54 over the same period. BA has an average intraday trading volume of 6.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.14%, -8.80%, and -18.56% respectively.

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Institutional ownership of Boeing Co. (NYSE: BA) shares accounts for 67.26% of the company’s 616.17M shares outstanding.

It has a market capitalization of $96.31B and a beta (3y monthly) value of 1.58. The earnings-per-share (ttm) stands at -$5.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.49% over the week and 2.95% over the month.

Earnings per share for the fiscal year are expected to increase by 16.40%, and 175.55% over the next financial year.

Looking at the support for the BA, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on September 03, 2024, with the firm’s price target at $185-$119. Bernstein coverage for the Boeing Co. (BA) stock in a research note released on August 05, 2024 offered a Outperform rating with a price target of $207. Argus was of a view on April 30, 2024 that the stock is Hold, while Northcoast gave the stock Sell rating on April 17, 2024, issuing a price target of $140. BofA Securities on their part issued Neutral rating on April 11, 2024.

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