Boeing (NYSE:BA) Receives Coverage Optimism Rating of -2.54

Press coverage about Boeing (NYSE:BA) has been trending negative on Sunday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boeing earned a news sentiment score of -2.54 on their scale. InfoTrie also assigned headlines about the aircraft producer an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have effected Boeing’s score:

A number of equities research analysts recently issued reports on the company. Credit Suisse Group restated a “buy” rating and issued a $440.00 price objective on shares of Boeing in a research note on Friday, April 12th. Zacks Investment Research cut Boeing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on Boeing from $450.00 to $430.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Wolfe Research set a $436.00 price target on Boeing and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $393.00 price target on shares of Boeing in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $411.47.

BA traded up $2.55 during midday trading on Friday, hitting $380.07. The stock had a trading volume of 4,703,105 shares, compared to its average volume of 7,460,789. The firm has a market cap of $214.54 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.05 and a beta of 1.33. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.08 and a quick ratio of 0.31. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.96. The business had revenue of $28.34 billion during the quarter, compared to analyst estimates of $26.76 billion. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. Boeing’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 earnings per share. On average, equities analysts anticipate that Boeing will post 16.63 earnings per share for the current year.

In other news, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $401.38, for a total transaction of $7,826,910.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy John Keating sold 26,557 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $395.47, for a total value of $10,502,496.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,247 shares of company stock valued at $28,922,977. Insiders own 0.23% of the company’s stock.

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About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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