Bernstein has recently reduced Boeing Co (BA) stock to Mkt Perform rating, as announced on October 30, 2024, according to Finviz. Earlier, on October 17, 2024, Bernstein had reiterated the stock to Outperform, setting a price target of $195 for BA stock. DZ Bank also reduced Hold rating with a price target of $152. Additionally, Wells Fargo reduced Underweight rating on September 3, 2024, with a target price of $119. Bernstein analysts, in their report published on August 5, 2024, also reiterated Outperform rating and set a price target of $222 for Boeing Co’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Boeing Co (BA) Stock Trading Recap
On Tuesday, Boeing Co (BA) stock saw a decline, ending the day at $155 which represents a decrease of $-1.54 or -0.98% from the prior close of $156.54. The stock opened at $156.46 and touched a low of $154.42 during the day, reaching a high of $156.65. The volume of shares traded was 6.11 million falling short of the average volume of 12.67 million.
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BA Stock Performance and Moving Averages
In recent trading, Boeing Co (BA) stock price has shown some volatility, fluctuating 1.24% over the last five trades and 0.27% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -17.82%, and it has plunged by -5.04% in the previous three months. Currently, BA is trading at 4.56%, 2.29%, and -10.00% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BA, a Industrials sector stock, is trading -42.06% below its 52-week high but remains 13.11% above its 52-week low. The Average True Range (ATR) (14 days) of 4.54 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Boeing Co’s Profitability and Valuation Ratios
Boeing Co’s profitability metrics reveal financial health. The company currently boasts an operating margin of -9.12% and a profit margin of -10.88%, with a gross margin of -17.82%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Boeing Co’s market capitalization stands at $115.87 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 122.5. Additionally, the Price-to-Sales Ratio is 1.58, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.14% of Boeing Co (BA)’s shares, while financial institutions hold 54.71%.
