News articles about Boeing (NYSE:BA) have trended extremely negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Boeing earned a media sentiment score of -4.00 on their scale. InfoTrie also gave media stories about the aircraft producer an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Boeing’s score:
BA has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on Boeing from $322.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and set a $165.00 price target for the company. in a research report on Friday, June 26th. Zacks Investment Research downgraded Boeing from a “hold” rating to a “sell” rating and set a $146.00 price target for the company. in a research report on Friday, April 24th. Credit Suisse Group dropped their price target on Boeing from $367.00 to $187.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $158.00 target price (up previously from $130.00) on shares of Boeing in a research report on Friday, May 1st. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $228.46.
Boeing stock traded up $5.16 during trading hours on Friday, reaching $178.44. The company had a trading volume of 40,911,200 shares, compared to its average volume of 54,367,496. Boeing has a 12-month low of $89.00 and a 12-month high of $391.00. The firm has a market cap of $100.70 billion, a price-to-earnings ratio of -29.45 and a beta of 1.47. The company has a 50-day moving average price of $176.25 and a 200 day moving average price of $220.34.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.04) by $0.34. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The firm had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.90 billion. During the same period in the previous year, the firm earned $3.16 earnings per share. The business’s revenue was down 26.2% compared to the same quarter last year. Analysts anticipate that Boeing will post -6.1 earnings per share for the current year.
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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