Could Boeing Co (BA) Go Down After Touching All-Time High?

July 17, 2017 - By test

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.01, from 0.9 in 2016Q3. It is negative, as 69 investors sold Boeing Co shares while 508 reduced holdings. 137 funds opened positions while 378 raised stakes. 445.41 million shares or 0.76% more from 442.07 million shares in 2016Q3 were reported.
Paradigm Financial Limited Liability Com reported 32,940 shares. Ruffer Llp accumulated 635,551 shares. Royal National Bank & Trust Of Canada reported 0.15% of its portfolio in Boeing Co (NYSE:BA). Gotham Asset Mngmt Lc holds 478,731 shares or 0.96% of its portfolio. 2.45 million are held by Deutsche Fincl Bank Ag. Cap Limited invested 0.03% of its portfolio in Boeing Co (NYSE:BA). Argent Tru Com reported 1.7% in Boeing Co (NYSE:BA). Ballentine Limited Company reported 2,657 shares. Cleararc Capital Incorporated owns 25,449 shares or 0.71% of their US portfolio. Company National Bank & Trust reported 137,787 shares. Evercore Tru Na reported 17.88% of its portfolio in Boeing Co (NYSE:BA). Moreover, 1St Source Bancshares has 0.17% invested in Boeing Co (NYSE:BA). Ancora Limited Liability Corp invested 0.15% of its portfolio in Boeing Co (NYSE:BA). Holderness holds 12,494 shares. Dupont Cap Mgmt Corp owns 66,489 shares.

Since January 30, 2017, it had 0 insider purchases, and 15 insider sales for $53.76 million activity. 3,573 shares valued at $580,005 were sold by Hyslop Gregory L on Thursday, February 2. Shares for $499,603 were sold by FANCHER SCOTT W on Tuesday, May 2. 2,710 Boeing Co (NYSE:BA) shares with value of $494,792 were sold by Deal Stanley A. LUTTIG J MICHAEL also sold $17.02M worth of Boeing Co (NYSE:BA) on Tuesday, February 7. Another trade for 10,673 shares valued at $1.95 million was sold by Conner Raymond L.. Another trade for 15,470 shares valued at $2.84 million was made by Allen Bertrand Marc on Tuesday, May 2. Sands Diana L had sold 21,226 shares worth $3.50 million on Monday, January 30.

The stock of Boeing Co (NYSE:BA) reached all time high today, Jul, 17 and still has $217.80 target or 4.00 % above today’s $209.42 share price. This indicates more upside for the $127.80 billion company. This technical setup was reported by Barchart.com. If the $217.80 PT is reached, the company will be worth $5.11B 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.

About 1.75M shares traded. Boeing Co (NYSE:BA) has risen 41.13% since July 17, 2016 and is uptrending. It has outperformed by 24.43% the S&P500.

Analysts expect Boeing Co (NYSE:BA) to report $2.35 EPS on July, 26.They anticipate $2.79 EPS change or 634.09 % from last quarter’s $-0.44 EPS. BA’s profit would be $1.43B giving it 22.28 P/E if the $2.35 EPS is correct. After having $2.01 EPS previously, Boeing Co’s analysts see 16.92 % EPS growth.

Boeing Co (NYSE:BA) Ratings Coverage

Among 19 analysts covering Boeing (NYSE:BA), 10 have Buy rating, 5 Sell and 4 Hold. Therefore 53% are positive. Boeing had 48 analyst reports since August 26, 2015 according to SRatingsIntel. Deutsche Bank maintained Boeing Co (NYSE:BA) on Monday, December 5 with “Buy” rating. The company was maintained on Thursday, April 28 by Argus Research. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report. The company was maintained on Thursday, April 27 by RBC Capital Markets. Standpoint Research downgraded the shares of BA in report on Monday, November 2 to “Hold” rating. The company was downgraded on Monday, March 13 by Morgan Stanley. The firm has “Sell” rating by RBC Capital Markets given on Friday, July 7. The rating was upgraded by Buckingham Research on Thursday, February 18 to “Neutral”. The firm has “Sell” rating given on Wednesday, October 26 by Standpoint Research. The stock of Boeing Co (NYSE:BA) has “Buy” rating given on Wednesday, March 29 by Berenberg.

More notable recent Boeing Co (NYSE:BA) news were published by: Seekingalpha.com which released: “June Order Battle Between Boeing And Airbus” on July 13, 2017, also Thestreet.com with their article: “How Boeing Became the No. 1 Dow Stock and Why It Could Stay There” published on July 17, 2017, Bizjournals.com published: “Boeing and FedEx to partner on aerospace innovation” on July 11, 2017. More interesting news about Boeing Co (NYSE:BA) were released by: Seekingalpha.com and their article: “Boeing: I Told You So” published on July 17, 2017 as well as Postandcourier.com‘s news article titled: “Boeing: 787-10 test program moving along in ‘boring’ fashion” with publication date: July 13, 2017.

The Boeing Company is an aerospace company. The company has market cap of $127.80 billion. The Company’s divisions include Commercial Airplanes; Defense, Space & Security , such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). It has a 25.65 P/E ratio. 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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