What’s Ahead for Boeing Co (BA) After Touching 52-Week High?

June 20, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.01, from 0.9 in 2016Q3. It worsened, 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.
Tarbox Group Inc Inc Inc accumulated 248 shares or 0.02% of the stock. Halsey Ct holds 9,583 shares. Invesco Ltd owns 2.71M shares for 0.14% of their portfolio. Gw Henssler Assoc Ltd reported 0.32% of its portfolio in Boeing Co (NYSE:BA). Co Of Toledo Na Oh accumulated 0.21% or 4,784 shares. Cannell Peter B & holds 29,305 shares. Freestone Cap Limited Com holds 11,057 shares. Moreover, Koshinski Asset Management Inc has 0% invested in Boeing Co (NYSE:BA). Benjamin F Edwards & Company invested 0.14% of its portfolio in Boeing Co (NYSE:BA). Forte Capital Limited Adv stated it has 2,175 shares. Legal General Plc holds 0.36% or 2.49 million shares. Mitchell Mcleod Pugh & Williams holds 0.54% in Boeing Co (NYSE:BA) or 4,281 shares. Great West Life Assurance Can stated it has 575,473 shares. Curbstone Finance Mngmt Corporation holds 0.18% of its portfolio in Boeing Co (NYSE:BA) for 1,885 shares. Coldstream Cap holds 28,686 shares or 0.73% of its portfolio.

Since January 30, 2017, it had 0 buys, and 15 insider sales for $53.76 million activity. 2,710 Boeing Co (NYSE:BA) shares with value of $494,792 were sold by Deal Stanley A. $6.00 million worth of stock was sold by KEATING TIMOTHY JOHN on Friday, May 5. $3.50 million worth of stock was sold by Sands Diana L on Monday, January 30. Another trade for 5,047 shares valued at $922,738 was sold by Hyslop Gregory L. The insider Conner Raymond L. sold 96,174 shares worth $15.75 million. The insider Verbeck Robert E sold $902,152. Caret Leanne G had sold 2,400 shares worth $438,552 on Wednesday, May 3.

The stock of Boeing Co (NYSE:BA) hit a new 52-week high and has $209.02 target or 4.00 % above today’s $200.98 share price. The 5 months bullish chart indicates low risk for the $122.94B company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $209.02 price target is reached, the company will be worth $4.92B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 561,925 shares traded. Boeing Co (NYSE:BA) has risen 41.13% since June 20, 2016 and is uptrending. It has outperformed by 24.43% the S&P500.

Analysts await Boeing Co (NYSE:BA) to report earnings on July, 26. They expect $2.35 earnings per share, up 634.09 % or $2.79 from last year’s $-0.44 per share. BA’s profit will be $1.44 billion for 21.38 P/E if the $2.35 EPS becomes a reality. After $2.01 actual earnings per share reported by Boeing Co for the previous quarter, Wall Street now forecasts 16.92 % EPS growth.

Boeing Co (NYSE:BA) Ratings Coverage

Among 18 analysts covering Boeing (NYSE:BA), 8 have Buy rating, 5 Sell and 5 Hold. Therefore 44% are positive. Boeing has $210 highest and $125 lowest target. $169.75’s average target is -15.54% below currents $200.98 stock price. Boeing had 40 analyst reports since August 26, 2015 according to SRatingsIntel. The company was initiated on Wednesday, March 29 by Berenberg. On Friday, April 28 the stock rating was maintained by Canaccord Genuity with “Hold”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, March 13. The rating was downgraded by Standpoint Research to “Hold” on Monday, November 2. The stock of Boeing Co (NYSE:BA) has “Underperform” rating given on Monday, February 13 by Buckingham Research. The stock has “Underperform” rating by RBC Capital Markets on Thursday, January 12. The stock of Boeing Co (NYSE:BA) earned “Buy” rating by Deutsche Bank on Monday, December 5. The firm earned “Market Perform” rating on Friday, December 18 by Wells Fargo. The rating was maintained by Citigroup with “Buy” on Monday, September 19. On Thursday, January 28 the stock rating was maintained by Canaccord Genuity with “Buy”.

More notable recent Boeing Co (NYSE:BA) news were published by: Bloomberg.com which released: “Boeing Wins $5.8 Billion Jet Order From China Aircraft Leasing” on June 15, 2017, also Investorplace.com with their article: “3 Stocks to Watch on Monday: Boeing Co (BA), Alphabet Inc (GOOGL) and Amazon …” published on June 19, 2017, Bizjournals.com published: “Boeing defense chief explains what spurred its strategy shift: ‘Not winning'” on June 14, 2017. More interesting news about Boeing Co (NYSE:BA) were released by: Bloomberg.com and their article: “Boeing Drops Iconic 747 in New Forecast for Passenger Planes” published on June 20, 2017 as well as Reuters.com‘s news article titled: “Boeing signs defense, commercial deals with Saudi Arabia” with publication date: May 21, 2017.

The Boeing Company is an aerospace company. The company has market cap of $122.94 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 24.62 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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