While Boeing Co. has overperformed by 0.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BA fell by -4.53%, with highs and lows ranging from $267.54 to $176.25, whereas the simple moving average fell by -6.48% in the last 200 days.
On February 23, 2024, Northcoast Downgraded Boeing Co. (NYSE: BA) to Neutral. A report published by BofA Securities on January 25, 2024, Downgraded its rating to ‘Neutral’ for BA. Susquehanna also reiterated BA shares as ‘Positive’, quoting a target price of $279 on the company’s shares in a report dated January 18, 2024. Wells Fargo January 16, 2024d the rating to Equal Weight on January 16, 2024, and set its price target from $280 to $225. Edward Jones January 08, 2024d its ‘Buy’ rating to ‘Hold’ for BA, as published in its report on January 08, 2024. Stifel also rated the stock as ‘Buy’.
Analysis of Boeing Co. (BA)
Further, the quarter-over-quarter increase in sales is 10.20%, showing a positive trend in the upcoming months.
Boeing Co.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.31, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and BA has an average volume of 9.41M. Furthermore, long-term investors anticipate a median target price of $261.73, showing growth from the present price of $200.54, which can serve as yet another indication of whether BA is worth investing in or should be passed over.
How Do You Analyze Boeing Co. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 65.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BA shares are owned by institutional investors to the tune of 65.10% at present.
