News stories about Boeing (NYSE:BA) have been trending negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boeing earned a media sentiment score of -2.13 on their scale. InfoTrie also assigned media stories about the aircraft producer an news buzz score of 3 out of 10, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Boeing’s analysis:
- Gone in 6 minutes: an Ethiopian Airlines jet’s final journey (marketbeat.com)
- Ethiopian report States faulty Detector data Contributed to jet crash (americanbankingnews.com)
- The Latest: Two pilots at fatal crash clocked 159 hours on Max (americanbankingnews.com)
- The Newest: Summarizes fixes, Boeing extends sympathies (americanbankingnews.com)
- The Newest: Report finds readings on jet that is Ethiopian (americanbankingnews.com)
Boeing stock opened at $395.86 on Friday. The company has a debt-to-equity ratio of 25.99, a quick ratio of 0.31 and a current ratio of 1.08. Boeing has a 12-month low of $292.47 and a 12-month high of $446.01. The firm has a market cap of $220.57 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.50 and a beta of 1.33.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The firm had revenue of $28.34 billion for the quarter, compared to the consensus estimate of $26.76 billion. During the same quarter in the prior year, the company posted $3.04 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. On average, equities research analysts expect that Boeing will post 20.11 EPS for the current fiscal year.
Boeing declared that its board has authorized a stock buyback program on Monday, December 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to reacquire up to 11.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
A number of research firms have weighed in on BA. Morgan Stanley boosted their target price on shares of Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Jefferies Financial Group upped their price objective on shares of Boeing to $448.00 and gave the company a “buy” rating in a research note on Monday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Boeing to $450.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $456.00 price objective on shares of Boeing in a research note on Tuesday, December 18th. Finally, Nord/LB reaffirmed a “sell” rating and issued a $300.00 price objective on shares of Boeing in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. Boeing has an average rating of “Buy” and a consensus price target of $405.91.
In other news, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $401.38, for a total value of $7,826,910.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Theodore Colbert III sold 2,137 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $408.85, for a total transaction of $873,712.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,247 shares of company stock worth $28,922,977. Corporate insiders own 0.23% of the company’s stock.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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