Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Boeing (BA) Share Price
News articles about Boeing (NYSE:BA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boeing earned a news impact score of 0.11 on Accern’s scale. Accern also gave news articles about the aircraft producer an impact score of 46.8465965741877 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- New CEO McAllister pushes Boeing to be ‘faster, nimbler’ as decision looms with new jet (seattletimes.com)
- [$$] U.S. Space Taxi Services Struggle to Meet NASA Safety Rules (finance.yahoo.com)
- Bitcoin’s surge makes it bigger than these iconic companies (finance.yahoo.com)
- Boeing Stays Ahead of Airbus Despite $50 billion A320 Order (finance.yahoo.com)
- Boeing Readies First Test Flights of GE’s Largest Ever Jet Engine (feedproxy.google.com)
A number of analysts have recently issued reports on BA shares. Deutsche Bank AG increased their price target on shares of Boeing to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Jefferies Group LLC reissued a “buy” rating and issued a $300.00 price target on shares of Boeing in a research report on Friday, October 6th. Nord/LB set a $250.00 price target on shares of Boeing and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Royal Bank Of Canada increased their price target on shares of Boeing from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. Finally, Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $249.63 price objective on the stock. in a research report on Monday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $257.94.
Shares of Boeing (BA) traded up $0.73 on Monday, reaching $265.88. 788,900 shares of the company traded hands, compared to its average volume of 3,264,042. The company has a market capitalization of $158,352.28, a price-to-earnings ratio of 27.27, a PEG ratio of 2.02 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. Boeing has a 52-week low of $148.31 and a 52-week high of $267.62.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter last year, the firm posted $3.51 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. research analysts expect that Boeing will post 10.1 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing’s dividend payout ratio is 52.21%.
Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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