Are Analysts Too Bullish On Boeing Co. (BA)

Boeing Co. (NYSE:BA) currently has a daily average trading volume of 6.10M but it saw 13731671 shares traded in last market. With a market cap of 109.74B USD, the company’s current market price of $178.31 came falling about -6.45 while comparing to the previous closing price of $190.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $267.54 and as low as $159.70.

Taking a look at 20-day trading activity of Boeing Co. (BA) gives us an average price of $183.58, while its current price level is -33.35% below from 52-week high level whereas it is 11.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $182.15 while that of 200 days or SMA-200 reads an average of $197.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.28% during that period while stretching the period over a month that decreases to 3.28%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.64 which implies that the stock is in neutral territory.

Northcoast downgraded its recommendation for the stock as a “Sell” from “Neutral” on April 17, 2024 while assigning a price target of $140. BofA Securities issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $210 and $190.

Over the week, BA’s stock price is moving -3.28% down while it is -3.83% when we observe its performance for the past one month. Year-to-date it is -31.59% down and over the past year, the stock is showing a downside performance of -25.08%.

Currently, Boeing Co.’s total number of outstanding shares is 615.47M. Company’s return on investment (ROI) stands at -7.20%. It has a 41.71 of forward P/E ratio. Stock’s beta reads 1.56. Stock has a price to sale or P/S ratio amounts to 1.44. Its return on asset (ROA) is -1.59% on average.