Boeing (NYSE:BA) Getting Extremely Negative Press Coverage, Analysis Finds

Headlines about Boeing (NYSE:BA) have trended extremely negative on Saturday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -4.15 on their scale. InfoTrie also assigned news headlines about the aircraft producer an news buzz score of 7 out of 10, indicating that recent news coverage is likely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Boeing’s analysis:

Shares of BA stock opened at $345.19 on Friday. Boeing has a 12-month low of $292.47 and a 12-month high of $446.01. The company has a current ratio of 1.11, a quick ratio of 0.31 and a debt-to-equity ratio of 48.98. The firm’s 50 day moving average is $366.97 and its 200 day moving average is $359.53. The stock has a market capitalization of $196.37 billion, a P/E ratio of 21.56, a P/E/G ratio of 23.23 and a beta of 1.25.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The company had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20 billion. During the same quarter in the prior year, the business posted $3.58 EPS. The company’s revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, equities analysts predict that Boeing will post 1.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, November 7th. Boeing’s dividend payout ratio is currently 51.34%.

Several brokerages recently weighed in on BA. Morgan Stanley reduced their price target on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Credit Suisse Group downgraded shares of Boeing from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $416.00 to $323.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Robert W. Baird downgraded shares of Boeing from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $445.00 to $342.00 in a research report on Monday, October 21st. Finally, Cowen set a $460.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Boeing presently has a consensus rating of “Hold” and an average target price of $379.97.

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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