News coverage about Boeing (NYSE:BA) has trended very negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boeing earned a media sentiment score of -3.09 on their scale. InfoTrie also assigned headlines about the aircraft producer an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Boeing’s score:
- UPDATE 2-FAA says has no timetable for Boeing 737 MAX’s return to service (feeds.reuters.com)
- Aircraft Order Pause Continues Ahead of the Paris Air Show (fool.com)
- Boeing Stock Drags DJIA Lower as FAA Punts on 737 MAX Timetable (ccn.com)
- Boeing 737 Max planes should fly again by December, FAA official says (latimes.com)
- UPDATE 3-American Airlines CEO sees Boeing 737 MAX flying by mid-August (feeds.reuters.com)
NYSE BA opened at $347.03 on Thursday. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. Boeing has a 12 month low of $292.47 and a 12 month high of $446.01. The company has a market capitalization of $196.14 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 10th were issued a $2.055 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a yield of 2.37%. Boeing’s dividend payout ratio is presently 51.34%.
A number of research analysts have recently weighed in on BA shares. Morgan Stanley lifted their price objective on Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. UBS Group reaffirmed a “buy” rating and set a $525.00 price objective (up from $500.00) on shares of Boeing in a research report on Thursday, February 28th. Argus lifted their price objective on Boeing from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. DZ Bank reaffirmed a “sell” rating on shares of Boeing in a research report on Monday, March 11th. Finally, Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $407.97.
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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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