Boeing (NYSE:BA) Trading Down 3.7% – Time to Sell?

The Boeing Company (NYSE:BA) traded down 3.7% during trading on Wednesday . The stock traded as low as $197.01 and last traded at $201.96. Approximately 12,797,540 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 6,586,926 shares. The stock had previously closed at $209.69.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA authorized Boeing to sell 35 additional 777F freighters after 2028 by waiving applicable emissions rules. The approval extends the current freighter’s commercial life while the 777-8F replacement is not expected to enter service until approximately 2029. FAA waives emissions rules to let Boeing sell 35 additional 777F freighters
• Positive Sentiment: GE Aerospace provided a reassuring outlook on the engine fix needed for Boeing’s 777X, reducing some concern around the aircraft’s propulsion program. Boeing has continued to target 777X deliveries in 2027. GE Aerospace delivers crucial news for Boeing 777X investors
• Positive Sentiment: Boeing secured a record Korean Air order for 103 aircraft, while Lufthansa added 20 737 MAX 10s and other customers expressed interest in 777-8F freighters. These orders strengthen Boeing’s backlog, although they do not immediately resolve delivery and production constraints. Boeing lands record 103-jet Korean Air order
• Neutral Sentiment: One prominent analyst reiterated a bullish price target implying substantial long-term upside, but the forecast contrasts with near-term operational setbacks and remains dependent on Boeing executing its production recovery. Boeing analyst reiterates call for gains
• Negative Sentiment: CEO Kelly Ortberg said stabilizing 737 MAX production at 47 aircraft per month is taking longer than expected, with wing-production bottlenecks at the Renton facility. The delay raises concerns about deliveries, cash generation and Boeing’s path toward its $10 billion free-cash-flow target. Boeing CEO says it is taking longer to stabilize 737 MAX output
• Negative Sentiment: Investors also received less encouraging commentary on China order prospects, while continuing costs tied to Boeing’s supplier buyback and high leverage add to financial pressure. These issues outweighed the positive order news in the latest trading sessions.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research downgraded Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. Royal Bank Of Canada lowered their target price on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird set a $300.00 price target on Boeing in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $272.58.

Boeing Price 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’s 50-day moving average price is $216.60 and its 200 day moving average price is $218.41. The firm has a market cap of $155.77 billion, a price-to-earnings ratio of 85.32 and a beta of 1.21.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period last year, the business earned ($1.24) earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -0.91 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently added to or reduced their stakes in BA. Anchor Investment Management LLC raised its holdings in shares of Boeing by 1.7% in the 2nd quarter. Anchor Investment Management LLC now owns 10,252 shares of the aircraft producer’s stock worth $2,219,000 after buying an additional 171 shares in the last quarter. Bullseye Investment Management LLC bought a new stake in Boeing in the second quarter valued at $47,000. Tortoise Investment Management LLC acquired a new position in Boeing during the second quarter worth $210,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Boeing by 7.5% during the second quarter. Sequoia Financial Advisors LLC now owns 64,409 shares of the aircraft producer’s stock valued at $13,943,000 after acquiring an additional 4,503 shares during the period. Finally, National Pension Service boosted its stake in shares of Boeing by 1.0% in the 2nd quarter. National Pension Service now owns 1,666,045 shares of the aircraft producer’s stock valued at $360,649,000 after purchasing an additional 17,061 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Company Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.