It Seems The Boeing Company (BA) Will Go Up. Just Reaches Record High

December 12, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.06, from 0.92 in 2017Q1. It dived, as 62 investors sold The Boeing Company shares while 534 reduced holdings. 124 funds opened positions while 388 raised stakes. 419.99 million shares or 3.18% less from 433.79 million shares in 2017Q1 were reported.
Stoneridge Inv Limited Liability Co reported 17,213 shares stake. Virtus Invest Advisers reported 27,512 shares stake. Franklin Res Inc accumulated 1.40M shares or 0.14% of the stock. Lbmc Invest Limited Co invested 0.24% in The Boeing Company (NYSE:BA). Navellier & Assoc Inc reported 0.42% in The Boeing Company (NYSE:BA). Robeco Institutional Asset Management Bv reported 181,898 shares. Spinnaker has invested 0.04% in The Boeing Company (NYSE:BA). Vantage Inv Advsrs Limited Liability Company accumulated 0.04% or 841 shares. First Interstate Bankshares owns 3,393 shares. Joel Isaacson And Ltd invested in 4,291 shares or 0.16% of the stock. Paloma Partners Mgmt holds 45,100 shares. Haverford Com reported 6,347 shares or 0.03% of all its holdings. Pure Fin Advisors invested in 2,070 shares. Albion Group Incorporated Ut holds 0.05% of its portfolio in The Boeing Company (NYSE:BA) for 1,597 shares. Naples Global Advsr Limited Liability Corp accumulated 1.67% or 23,754 shares.

The stock of The Boeing Company (NYSE:BA) reached all time high today, Dec, 12 and still has $307.53 target or 6.00 % above today’s $290.12 share price. This indicates more upside for the $172.79B company. This technical setup was reported by Barchart.com. If the $307.53 PT is reached, the company will be worth $10.37 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.46% or $6.96 during the last trading session, reaching $290.12. About 2.29M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since December 12, 2016 and is uptrending. It has outperformed by 24.43% the S&P500.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 24. They expect $2.88 EPS, up 16.60 % or $0.41 from last year’s $2.47 per share. BA’s profit will be $1.72B for 25.18 P/E if the $2.88 EPS becomes a reality. After $2.72 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.88 % EPS growth.

The Boeing Company (NYSE:BA) Ratings Coverage

Among 21 analysts covering Boeing (NYSE:BA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Boeing had 81 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by RBC Capital Markets on Wednesday, November 15. The company was maintained on Friday, April 28 by Credit Suisse. The rating was maintained by Jefferies on Friday, September 22 with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, December 1 report. On Friday, June 2 the stock rating was maintained by RBC Capital Markets with “Sell”. The firm earned “Hold” rating on Monday, November 2 by Standpoint Research. The firm earned “Hold” rating on Thursday, October 26 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Underperform” rating in Thursday, April 27 report. Buckingham Research upgraded the stock to “Neutral” rating in Friday, July 28 report. The firm earned “Outperform” rating on Monday, October 30 by Bernstein.

More notable recent The Boeing Company (NYSE:BA) news were published by: Reuters.com which released: “Ahead of Canada fighter jet announcement, Boeing looks to future” on December 08, 2017, also Chicagotribune.com with their article: “Why Boeing can make a brash prediction about beating Elon Musk to Mars” published on December 12, 2017, Bloomberg.com published: “Canada Plans Jet Announcement as Boeing Loses Sale” on December 12, 2017. More interesting news about The Boeing Company (NYSE:BA) were released by: Nasdaq.com and their article: “Boeing Co. (BA) Has Climbed To A New High After Dividend Increase” published on December 12, 2017 as well as Bizjournals.com‘s news article titled: “Boeing poised to fly past 2016 order total” with publication date: December 01, 2017.

The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has market cap of $172.79 billion. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. It has a 26.73 P/E ratio. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements; and provides related support services to the commercial airline industry.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.