Boeing stock had a tremendous 2017, as jet sales surged on a strengthening global economy. Factor in the company's roughly 30% effective tax rate and the stock could be a big winner from corporate tax reform. All of these factors have helped to lift Boeing's shares.
Full Answer
Is Boeing stock a Buy Right Now?
Cyclical stocks could be worth considering in the stock market today. After all, stocks appear to be attempting a recovery following a rough start to 2022. Sure, there remains the factor of fast-approaching interest rate hikes from the Federal Reserve.
Why is Boeing the best aviation company?
Boeing is the latest company to report so-called Scope 3 emissions that result when customers use their products, amid pressure from investors and climate activists for data on how companies are ...
Is the Boeing (BA) outperforming other aerospace stocks this year?
Is The Boeing (BA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace ... could be poised to outperform the broader ...
Why is Boeing stock price sliding?
Boeing Stock Is Sliding as Its 737 MAX Woes Continue. Some Big Mutual Funds Are Buying Shares. Some prominent mutual funds have been trading Boeing stock in recent quarters, according to data from ...
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Why is Boeing stock rising?
Boeing Stock Is Rising Because Its 737 MAX Jet Could Soon Be Flying in China. Boeing stock is rising Thursday after investors got good positive news about China.
Is Boeing stock good buy?
Boeing (BA 0.40%) stands out in the aerospace sector. While many stocks in the sector have outperformed the market in 2022, and a few (Raytheon Technologies, AAR Corp, and Hexcel) are actually in positive territory, Boeing stock is down a whopping 36% in 2022, and 48% over the last year.
Is Boeing stock expected to go up?
Stock Price Forecast The 21 analysts offering 12-month price forecasts for Boeing Co have a median target of 200.00, with a high estimate of 298.00 and a low estimate of 130.00. The median estimate represents a +35.38% increase from the last price of 147.73.
Why did Boeing stock go up so much in 2017?
Boeing stock had a tremendous 2017, as jet sales surged on a strengthening global economy. Factor in the company's roughly 30% effective tax rate and the stock could be a big winner from corporate tax reform. All of these factors have helped to lift Boeing's shares.
Where will Boeing be in 5 years?
In five years' time, Boeing's revenue and EBIT should recover to 2018 levels prior to the 737 MAX grounding. BA is a Hold rather than a Buy, as various indicators suggest that the company's recovery might happen later than what investors expect.
Is Boeing undervalued?
Boeing Company shows a prevailing Real Value of $178.42 per share. The current price of the firm is $147.74. At this time, the firm appears to be undervalued.
What do analysts say about Boeing stock?
Analyst Price Target on BA Based on 18 Wall Street analysts offering 12 month price targets for Boeing in the last 3 months. The average price target is $214.00 with a high forecast of $263.00 and a low forecast of $150.00. The average price target represents a 57.00% change from the last price of $136.31.
What is the target price for Boeing stock?
Stock Price TargetsHigh$298.00Median$200.00Low$130.00Average$204.22Current Price$147.15
What is Nio price target?
NIO Inc (NYSE:NIO) The 31 analysts offering 12-month price forecasts for NIO Inc have a median target of 29.96, with a high estimate of 66.30 and a low estimate of 21.76. The median estimate represents a +43.14% increase from the last price of 20.93.
What is the highest Boeing stock has ever been?
The all-time high Boeing stock closing price was 440.62 on March 01, 2019.
At what price is Boeing a buy?
The average price target for Boeing is $213.27. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months. What do analysts say about Boeing? Boeing's analyst rating consensus is a 'Strong Buy.
Does Boeing stock split?
Has Boeing (BA) ever split its stock? Boeing has split its stock a total of 15 times, seven of which were before the company went public in 1962 and eight of which occurred afterward: May 9, 1952: a 3-for-2 split.
The aviation giant nearly doubled its value last year, and looks set for a strong 2018, too
Industrial sector focus. I write about electrical equipment, transportation, and multi-industry industrial stocks. Engineer, investment manager and property developer. I'm a firm believer that there is something noble about the industrial sector. Blue collar workers physically making a better world.
What happened
By any standards, The Boeing Company ( NYSE:BA) had an outstanding 2017. The stock's 89% rise is startling for a company of such size and a testimony to how many things went right for the company. I'm going to pick out a few of the highlights of 2017.
So what
Based on the record production rate of 763 aircraft in 2017, Boeing's backlog of 5,864 aircraft represents 7.7 years of production.
Now what
The International Air Transport Association (IATA) forecasts that passenger growth will increase 6% in 2018 from a 7.5% increase in 2017, with airlines' net profit estimated to rise 11% to $38.4 billion in 2018. That's good news for Boeing, and suggests the potential for ongoing growth in its order book.
What happened
By any standards, The Boeing Company (NYSE: BA) had an outstanding 2017. The stock's 89% rise is startling for a company of such size and a testimony to how many things went right for the company. I'm going to pick out a few of the highlights of 2017.
So what
Based on the record production rate of 763 aircraft in 2017, Boeing's backlog of 5,864 aircraft represents 7.7 years of production.
Now what
The International Air Transport Association (IATA) forecasts that passenger growth will increase 6% in 2018 from a 7.5% increase in 2017, with airlines' net profit estimated to rise 11% to $38.4 billion in 2018. That's good news for Boeing, and suggests the potential for ongoing growth in its order book.
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The company says it has enough cash to make it through the pandemic crisis
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What happened
Shares of Boeing ( NYSE:BA) traded up 5% on Wednesday after a key executive said the $25 billion in new debt the company raised earlier this year should be enough to get through a multiyear global aviation crisis.
So what
Boeing has been hit hard by the COVID-19 pandemic, which has caused airlines to rethink growth plans and instead ground large portions of their existing fleets. With travel demand expected to be weak for years to come, Boeing is likely facing a long period of sluggish new jet sales.
Now what
Despite Smith's positive comments, investors need to temper their enthusiasm. It's good that Boeing doesn't expect things to worsen, but they are not going to get better for a long time. Even after the pandemic is over, airlines will have billions in fresh debt to deal with and are unlikely to be in a position to aggressively buy new aircraft.
What is Arment's earnings estimate for the second quarter?
Favorable aircraft deliveries will help boost earnings, as Arment raised his earnings estimate for the second quarter to $3.50, which is five cents above consensus estimates. He is especially bullish on 737 deliveries and likes Boeing’s current backlog situation at just below 6,000 aircraft at the end of Q2. His enthusiastic cash-flow outlook sees the company bringing in $13.4 billion in free cash flow for all of 2018, which he expects to rise to $14.3 billion in 2019 and $15.6 billion for 2020.
Is Boeing stock going to be weak?
Further, like any other manufacturing stock, Boeing is susceptible to weaker demand in the event of an economic downturn. Regardless of how productive and well run the company is, if a recession weakens demand for aircrafts, Boeing’s revenues, earnings and stock price will take a hit. On that note, there have been warnings of the current economic cycle entering into its later stages with a recession waiting just around the corner (To read more, see: Billionaire Jeffrey Gundlach’s Recession Portfolio. )
1. Boeing Is The Most Vulnerable to Coronavirus
The coronavirus is crashing stock prices back to reality. The coronavirus’ massive worldwide economic disruptions have humbled a euphoric decade-long rally in under a month.
2. The 737 MAX Crisis Is Far From Over
The 737 MAX has now been grounded by the Federal Aviation Administration (FAA) for one year. The anniversary was Friday. And there’s no end in sight to the FAA’s ban on MAXs in the sky.
3. Boeing Stock Is Heavily Weighted in the Dow
Boeing stock’s out-sized influence on Dow levels is likely what pushed the benchmark lower than its broader peers Monday. Because the Dow 30 companies are weighted into the Dow by stock price rather than market cap, BA price action often pushes the Dow around.
