Boeing Company (BA) – Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Boeing Company (NYSE: BA), headquartered in Arlington, Virginia, is a premier aerospace and defense firm, known for designing, manufacturing, and servicing both commercial jetliners and military aircraft. Established in 1916, Boeing operates through three primary segments: Commercial Airplanes, which focuses on aircraft for passenger and cargo transportation; Defense, Space & Security, which develops military aircraft, weapons systems, and satellites; and Global Services, dedicated to providing logistics, engineering, and training support services. With significant revenues, Boeing plays a vital role in the aerospace industry, classified under the Industrials sector.
Market Analysis
The Aerospace and Defense sector is currently perceived as a compelling investment opportunity, bolstered by Boeing’s robust total revenue of approximately $73.56 billion. Analysts have issued a buy recommendation for Boeing, highlighting a target high price of $275.00, signaling notable upside potential. With 616,222,976 shares outstanding and a relatively low short percent of float at 0.02, investor sentiment appears optimistic toward Boeing, reflecting minimal short-selling activity. The current stock price rests at $153.29, which is significantly below its fifty-two week high of $267.54 but just above its low of $152.60. This volatility indicates potential investment opportunities as the stock navigates market fluctuations.
Future Outlook
Boeing’s stock analysis shows a promising trajectory with a target mean price of $216.73 and a median target of $224.50, suggesting analysts anticipate the stock settling around these values in the short term. The range of target prices, from a high of $275.00 to a low of $119.00, implies considerable room for future trading. An average recommendation score of 2.3 from 26 analysts underlines a consensus for positive performance expectations. Although the stock has experienced a decline over the past year, its strong revenue generation and optimistic growth outlook position Boeing as a potentially rewarding investment opportunity for forward-looking investors in the aerospace and defense space.
| Metric | Value |
|---|---|
| Market Cap | $94.5b |
| Total Debt | $57.9b |
| Total Cash | $12.6b |
| Shares Outstanding | 616.2m |
| Float Shares | 582.8m |
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