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

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

More Boeing News

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BA. Morgan Stanley dropped their target price on shares of Boeing from $225.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research report on Monday, October 19th. Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. Wolfe Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Finally, Zacks Research cut shares of Boeing from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $247.88.

Boeing Stock Down 1.1%

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

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

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jupiter Topco LLC bought a new stake in Boeing in the second quarter worth about $911,878,000. Bank of New York Mellon Corp purchased a new stake in shares of Boeing during the second quarter valued at $747,763,000. Legal & General Group Plc purchased a new position in Boeing in the 2nd quarter worth about $710,816,000. Deutsche Bank AG purchased a new stake in Boeing in the 2nd quarter valued at about $539,456,000. Finally, Swiss National Bank raised its stake in shares of Boeing by 7.6% during the first quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after acquiring an additional 163,000 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.