Media stories about Boeing (NYSE:BA) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Boeing earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the aircraft producer an impact score of 44.0377362858928 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Boeing loses case against Denmark over fighter jet deal – Reuters (reuters.com)
- Boeing May Be the First Casualty of a Trade War – U.S. News & World Report (usnews.com)
- Boeing Reportedly Beats Airbus for American Airlines Order – 24/7 Wall St. (247wallst.com)
- Boeing reportedly set to win American wide-body jet order (cnbc.com)
A number of brokerages have issued reports on BA. Morgan Stanley set a $373.00 price target on Boeing and gave the stock a “hold” rating in a report on Thursday. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 price target for the company. in a report on Thursday, March 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 14th. Societe Generale set a $373.00 price target on Boeing and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Buckingham Research set a $289.00 price target on Boeing and gave the stock a “hold” rating in a report on Thursday, February 8th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $358.47.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The firm had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 EPS. analysts predict that Boeing will post 14.05 earnings per share for the current fiscal year.
Boeing announced that its board has approved a stock buyback plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.
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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