Boeing Co (BA) saw downtrend of -1.84% in the recent trading with $215.94 being its most recent. The current price level -11.02% lower than the highest price of $242.69 marked by the stock while trading over the past 52-weeks, whereas it is 67.55% higher than the lowest price of $128.88 the company dropped to over past 52-weeks. The latest news story on BA appeared in (Associated Press Finance) under the title “FAA seeks $3.1 million in fines from Boeing over safety violations, 2024 midair panel blowout”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 21 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.56 for the stock.
Boeing Co Earnings – What Happened With BA
Coming around sales and income figures on BA Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Boeing Co (BA) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -19.66% for net revenue.
BA – Boeing Co Stock Earnings Estimates
The perspective of Boeing Co (NYSE:BA)’s current quarter earnings identifies that analysts are in consensus over the estimate of -8.72 for stock’s EPS in the current quarter. Boeing Co (BA) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -19.66% for net revenue. Company’s EPS for the last quarter was -10.44.
Boeing Co – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 755.62 million. BA does have institutional investors; and they hold 73.89% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Boeing Co (NYSE:BA) with an ownership of 50.93 million shares of the company or 8.2644 of the stake worth $9.27 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 5.8884 of the outstanding shares. Its stake is worth $6.61 billion for having 36.29 million shares in hand.
NEWPORT TRUST CO also came holding a key position in the company during the recent quarter and it now holds 5.1339 of the outstanding shares. With this there are now 2769.0 institutions which have possession in BA’s shares.
