The Boeing Company (NYSE: BA) Stock: Does It Have The Potential To Rise?

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In the last trading session, 11.15 million shares of the The Boeing Company (NYSE:BA) were traded, and its beta was 1.51. Most recently the company’s share price was $213.63, and it changed around $5.77 or 2.78% from the last close, which brings the market valuation of the company to $126.42B. BA currently trades at a discount to its 52-week high of $278.57, offering almost -30.4% off that amount. The share price’s 52-week low was $185.26, which indicates that the current value has risen by an impressive 13.28% since then. We note from The Boeing Company’s average daily trading volume that its 3-month average coming to 9.48 million.

The Boeing Company stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 3 out of 26 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended BA as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight. The Boeing Company is expected to report earnings per share of $0.05 for the current quarter.

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Instantly BA has showed a green trend with a performance of 2.78% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 214.56 on Tuesday, 01/04/22 increased the stock’s daily price by 0.43%. The company’s shares are currently up 6.11% year-to-date, but still up 3.64% over the last five days. On the other hand, The Boeing Company (NYSE:BA) is 7.63% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $259.61, which translates to bulls needing to increase their stock price by 17.71% from its current value. Analyst projections state that BA is forecast to be at a low of $163.90 and a high of $306.00. In order for the stock price to hit the forecast high, the stock would need to plunge -43.24% from its current level, while the stock would need to crash 23.28% from its current level to reach the projected low.

The Boeing Company (BA) estimates and forecasts

The Boeing Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.83 percent over the past six months and at a 93.16% annual growth rate that is well above the industry average of 8.70%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 103.60% in revenue this quarter, and will report an increase of 113.10% in the next quarter. The year-over-year growth rate is expected to be 29.10%, up from the previous year.

Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $18.59 billion in revenue for the current quarter. 15 analysts expect The Boeing Company to make $23.13 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $14.14 billion and $15.3 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 31.50%. Forecasts for the next quarter put sales growth at 51.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -36.90%. The Boeing Company earnings are expected to increase by 96.20% in 2022, but the outlook is positive 12.33% per year for the next five years.

BA Dividends

The Boeing Company’s next quarterly earnings report is expected to be released around January 25 and January 31.

The Boeing Company (NYSE:BA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.09% of The Boeing Company shares, and 53.32% of them are in the hands of institutional investors. The stock currently has a share float of 53.37%. The Boeing Company stock is held by 2,432 institutions, with Newport Trust Co being the largest institutional investor. By Sep 29, 2021, it held 7.46% of the shares, which is about 43.86 million shares worth $9.65 billion.

Vanguard Group, Inc. (The), with 7.30% or 42.92 million shares worth $9.44 billion as of Sep 29, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 29, 2021. The former held 16.56 million shares worth $3.64 billion, making up 2.82% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 11.57 million shares worth around $2.54 billion, which represents about 1.97% of the total shares outstanding.