News stories about Boeing (NYSE:BA) have trended somewhat negative on Sunday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Boeing earned a news sentiment score of -1.10 on their scale. InfoTrie also assigned news headlines about the aircraft producer an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Boeing’s analysis:
- Boeing to cut hundreds of Winnipeg jobs due to COVID-19 – CTV News Winnipeg (winnipeg.ctvnews.ca)
- SpaceX Is 'Go' To Launch Its Most Important Mission Ever But Weather Threatens (finance.yahoo.com)
- Boeing selects Leonardo and Thales to provide systems for RAF – Airforce Technology (airforce-technology.com)
- How Elon Musk beat Boeing in the commercial space race to launch NASA astronauts – Florida Today (floridatoday.com)
- Boeing (NYSE:BA) Getting Somewhat Critical News Coverage, Study Finds (americanbankingnews.com)
Several equities analysts have recently weighed in on BA shares. ValuEngine cut shares of Boeing from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 1st. Benchmark reiterated a “market perform” rating and issued a $180.00 price objective on shares of Boeing in a research note on Monday, May 11th. TheStreet cut shares of Boeing from a “c-” rating to a “d” rating in a research note on Wednesday, April 29th. UBS Group lowered their price objective on shares of Boeing from $284.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, Credit Suisse Group decreased their target price on shares of Boeing from $367.00 to $187.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Boeing has a consensus rating of “Hold” and a consensus price target of $231.04.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.04) by $0.34. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The firm had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.90 billion. During the same period last year, the firm posted $3.16 earnings per share. Boeing’s revenue for the quarter was down 26.2% compared to the same quarter last year. As a group, research analysts anticipate that Boeing will post -5.05 EPS for the current fiscal year.
Boeing Company Profile
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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