Boeing (NYSE:BA) Stock Price Down 1.1% – Should You Sell?

Shares of The Boeing Company (NYSE:BA) fell 1.1% on Tuesday. The stock traded as low as $173.27 and last traded at $173.4610. Approximately 6,946,373 shares traded hands during trading, a decline of 3% from the average daily volume of 7,134,939 shares. The stock had previously closed at $175.40.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing and Icelease agreed to convert one 767-300 into a freighter, with options for two more. The first conversion is scheduled to enter production in early 2027, adding business for Boeing’s freighter-conversion operation. Boeing and Icelease agreement
• Positive Sentiment: A recent analysis points to Boeing’s record $745 billion total backlog and $101 billion defense pipeline as long-term supports. It also notes FAA certification of the 737-10; however, Boeing continues to report losses. Defense backlog analysis
• Neutral Sentiment: Optimistic commentary argues Boeing’s updated guidance may have reset expectations and that successful execution on the 777X and other plans could create upside over time. That outcome depends on delivering against the plan. Boeing stock outlook
• Negative Sentiment: Emirates is reportedly concerned about the long-awaited 777X, renewing investor worries about delays and Boeing’s ability to execute on the program. Emirates concerns about Boeing
• Negative Sentiment: The 737 MAX production and delivery ramp has been pushed back, another execution risk. While the updated guidance is described as conservative, delays could temper near-term progress. Boeing production outlook
• Negative Sentiment: Reports also flagged FAA tail inspections involving 737NG aircraft, adding a potential oversight and operational concern. Separately, law firms have announced investigations related to the Spirit AeroSystems merger; these notices are not findings of wrongdoing. FAA inspections report

Analyst Ratings Changes

A number of equities analysts recently weighed in on BA shares. TD Cowen dropped their price target on Boeing from $240.00 to $210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Piper Sandler cut shares of Boeing from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 28th. Cantor Fitzgerald lowered Boeing to a “neutral” rating in a research report on Tuesday, August 11th. Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Finally, Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $247.88.

Boeing Stock Down 1.1%

The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 6.31. The firm’s 50 day simple moving average is $195.34 and its 200-day simple moving average is $216.87. The stock has a market capitalization of $137.46 billion, a price-to-earnings ratio of 18.87 and a beta of 1.26.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The firm had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned ($7.47) EPS. Equities analysts expect that The Boeing Company will post -1.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently added to or reduced their stakes in the business. Howe & Rusling Inc. increased its position in Boeing by 2.5% during the first quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock valued at $403,000 after acquiring an additional 49 shares during the last quarter. Paul R. Ried Financial Group LLC raised its position in Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after acquiring an additional 49 shares during the period. Sage Rhino Capital LLC grew its position in shares of Boeing by 0.9% during the 1st quarter. Sage Rhino Capital LLC now owns 5,360 shares of the aircraft producer’s stock valued at $1,067,000 after acquiring an additional 50 shares during the period. BlueChip Wealth Advisors LLC raised its holdings in Boeing by 2.6% in the 1st quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer’s stock worth $381,000 after purchasing an additional 50 shares during the period. Finally, Enterprise Financial Services Corp increased its position in Boeing by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer’s stock worth $561,000 after buying an additional 51 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.