Boeing (NYSE:BA) Stock Price Down 1.1% – Time to Sell?

The Boeing Company (NYSE:BA)’s share price fell 1.1% on Wednesday. The stock traded as low as $183.38 and last traded at $184.3910. Approximately 5,133,846 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 6,824,323 shares. The stock had previously closed at $186.49.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Potential Cathay Pacific order: Boeing is expected to discuss a possible purchase of up to 50 wide-body aircraft with Cathay Pacific. Although Airbus is also competing for the order, a win could strengthen Boeing’s future delivery backlog and support wide-body production planning. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Other commercial and defense opportunities: Southwest is reportedly considering a potential Boeing purchase, while Boeing recently secured an additional military deal with Israel. These developments could support backlog growth, though neither appears to represent a finalized major order in the provided reports. Boeing Stock Gains as Southwest Considers Buy Boeing Stock Slips Despite New Deal with Israel
• Positive Sentiment: Labor disruption avoided: Boeing averted a potential engineers’ strike after new contracts were signed, reducing an immediate threat to production and delivery schedules. Barclays also maintains a bullish outlook, with a $300 target implying substantial upside from recent levels. Boeing Avoids Engineers’ Strike Barclays Sees Upside for Boeing
• Neutral Sentiment: Regulatory and governance developments: Boeing’s board now includes more directors with aviation expertise, while U.S. officials are discussing aircraft-certification reforms with Boeing and GE. These efforts could improve oversight and future product development, but benefits are longer term. Boeing’s Boardroom Strategy Aircraft Certification Reform Talks
• Negative Sentiment: Analyst target reductions: Morgan Stanley lowered its Boeing target to $225 from $250 while retaining a Buy rating. RBC separately cut its target to $235 from $265, citing continued uncertainty around the defense budget, although it kept an Outperform rating. The reductions signal more cautious expectations even as both firms remain constructive. Morgan Stanley Sets Boeing Price Target RBC Cuts Boeing Price Target
• Negative Sentiment: Financial and valuation risks: Boeing’s latest quarterly EPS missed consensus, and the company continues to carry very high leverage, weak liquidity metrics, and a negative return on equity. These fundamentals help explain why investors remain sensitive to production, certification, labor, and defense-budget uncertainty.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BA. Sanford C. Bernstein lowered their price objective on Boeing from $298.00 to $278.00 and set an “outperform” rating for the company in a research report on Monday. Wolfe Research raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Rothschild & Co Redburn increased their price target on Boeing from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a report on Tuesday, August 11th. Finally, TD Cowen decreased their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.96.

Boeing Stock Performance

The company has a market capitalization of $149.79 billion, a price-to-earnings ratio of 81.94 and a beta of 1.26. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock’s fifty day simple moving average is $205.82 and its 200-day simple moving average is $215.75.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.24) earnings per share. Analysts predict that The Boeing Company will post -0.96 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several large investors have recently bought and sold shares of BA. Hanson & Doremus Investment Management lifted its position in Boeing by 0.9% in the third quarter. Hanson & Doremus Investment Management now owns 16,557 shares of the aircraft producer’s stock valued at $3,080,000 after acquiring an additional 155 shares during the last quarter. Pension & Wealth Management Advisors Inc. grew its holdings in shares of Boeing by 2,096.5% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 13,772 shares of the aircraft producer’s stock worth $2,562,000 after purchasing an additional 13,145 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Boeing by 5.8% during the third quarter. Annex Advisory Services LLC now owns 4,862 shares of the aircraft producer’s stock worth $905,000 after purchasing an additional 268 shares in the last quarter. Vanguard Capital Wealth Advisors increased its position in shares of Boeing by 4.6% during the third quarter. Vanguard Capital Wealth Advisors now owns 17,654 shares of the aircraft producer’s stock worth $3,285,000 after purchasing an additional 780 shares in the last quarter. Finally, Riverbend Wealth Management LLC lifted its holdings in shares of Boeing by 9.0% in the 3rd quarter. Riverbend Wealth Management LLC now owns 3,710 shares of the aircraft producer’s stock valued at $690,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.