Boeing (NYSE:BA) Stock Falls 1.5% – Should You Sell?

The Boeing Company (NYSE:BA)’s stock price fell 1.5% on Tuesday. The stock traded as low as $186.00 and last traded at $186.6060. Approximately 5,137,858 shares changed hands during trading, a decline of 25% from the average daily volume of 6,832,800 shares. The stock had previously closed at $189.50.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Southwest Airlines is reportedly considering a new Boeing aircraft purchase. A potential order would strengthen Boeing’s commercial backlog and provide further support for the company’s production recovery. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Royal Bank of Canada lowered its Boeing price target to $235 from $265 but maintained an “outperform” rating, implying substantial potential upside from recent levels. The bullish rating signals confidence in Boeing’s longer-term recovery despite more cautious valuation assumptions.
• Positive Sentiment: Boeing delivered 161 commercial aircraft in the third quarter, including 124 737s. Rising deliveries are important because they support revenue, cash flow and progress toward stabilizing production ahead of quarterly earnings. Boeing Third-Quarter Delivery Update
• Positive Sentiment: Barclays initiated coverage with an “overweight” rating, adding another positive analyst view. Boeing’s large order book, improving commercial deliveries and defense wins are supporting the bullish case. Barclays Initiates Boeing Coverage
• Positive Sentiment: The U.S. Navy’s selection of Boeing for the next carrier-based fighter, the F/A-XX, and a reported $715 billion order book reinforce the company’s defense and long-term revenue prospects. Boeing Order Book and Fighter Jet Wins
• Neutral Sentiment: The U.S. transportation secretary is meeting with Boeing and GE leadership regarding aircraft-certification reform. Streamlined certification could benefit future aircraft programs, but the immediate financial impact remains uncertain. Aircraft Certification Reform Meeting
• Neutral Sentiment: Boeing’s board now includes more directors with aviation expertise, potentially improving oversight and future aircraft strategy, although the benefit is longer term. Boeing Board Aviation Expertise
• Negative Sentiment: Technical coverage says Boeing continues to underperform the broader market and is displaying bearish trading patterns, suggesting investor concerns remain despite favorable business headlines. How to Trade Boeing as Shares Struggle

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Btg Pactual set a $260.00 target price on shares of Boeing in a report on Tuesday, July 14th. Bank of America restated a “buy” rating and set a $270.00 price objective on shares of Boeing in a report on Friday, September 18th. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a report on Tuesday, August 11th. Rothschild & Co Redburn lifted their target price on Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.96.

Boeing Stock Performance

The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock has a 50 day simple moving average of $206.69 and a two-hundred day simple moving average of $215.77. The stock has a market capitalization of $149.00 billion, a P/E ratio of 81.61 and a beta of 1.26.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’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 company posted ($1.24) earnings per share. On average, equities analysts forecast that The Boeing Company will post -0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently modified their holdings of BA. Highland Investment Advisors LLC purchased a new position in Boeing in the 2nd quarter valued at approximately $26,000. Wealth Preservation Advisors LLC raised its holdings in Boeing by 66.7% during the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Strategic Wealth Advisors LLC bought a new stake in Boeing during the 2nd quarter valued at $27,000. Bell Investment Advisors Inc purchased a new stake in shares of Boeing during the second quarter worth $29,000. Finally, Bayban purchased a new stake in shares of Boeing during the fourth quarter worth $29,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.