Boeing Stock Rises As Strike Temporarily

In other words, Boeing lost over a fifth of its market value (or -21%) after it reported its most recent quarterly financial performance. As a reference, BA’s shares are down by -34% since the beginning of the year. Airbus and Boeing both depend on the CFM LEAP turbofans for deliveries of their single aisle aircraft. While Airbus can also offer Pratt & Whitney’s geared turbofan to customers, the CFM LEAP engines are the sole propulsion system available for the Boeing 737 MAX. Delays BA stock price today in deliveries for the jet engines add further pressure on Boeing’s plans to stabilize and increase production of the Boeing 737 MAX and improve cost efficiency. It is almost certain that this news was the reason for Boeing’s share prices to drop significantly at the open on the 24th of May. At its current levels, BA stock is trading at just 1.1x forward revenues, compared to the last three-year average of 2.3x, making the stock attractive from a valuation point of view.

• Boeing is followed by a number of industry analysts, including the analysts listed below in alphabetical order by firm.
• Price at the end 269, change for June 3.86%.
• Dhierin is a leading contributor covering the aerospace industry on Seeking Alpha and the founder of The Aerospace Forum.
• What Boeing needs to do now is get down to ramping production rates on the 737 aircraft while incrementally working on the traditional margin expansion that usually occurs as production increases.
• Intraday data delayed at least 15 minutes or per exchange requirements.
• The forecast for beginning of August 399.

The first thing to explain is why there has been so much attention for the Starliner mission. The Boeing Starliner https://www.insiderintelligence.com/insights/largest-banks-us-list/ is a re-usable module that aims to transport people between Earth and the International Space Station.

Boeing Analyst Data

This time, the mission was a success with a successful rendezvous with the International Space Station and landing back on Earth. However, there were some anomalies during the mission with two out of 12 not performing as intended, positioning thrusters not functioning as intended and a reset required DotBig on the docking system. Overall, however, the mission was a success and redundancy built into the system allowed the module to continue performing the mission. Ideally, you don’t need the extra thrusters, but they are there exactly for the reason Boeing used them during the Starliner mission.

Subsequently, the launch was delayed several times as Boeing worked through software and hardware fixes. Eventually, Boeing missed the August/September launch window as well due to propulsion valve issues and the launch date shifted to May 2022. So, let’s start with the Starliner mission.

Boeing Dividend Calendar

Boeing does not by listing these analysts below imply its endorsement of or concurrence with such information, conclusions, or recommendations. This list is subject to change as firms add or delete coverage of Boeing, and Boeing has no obligation to maintain or update this list. Boeing’s future share price recovery and intermediate-term outlook are dependent on the 787 delivery resumption, the return of 737 MAX to Chinese skies, and positive updates on the 777X.

Price at the end 283, change for August 3.66%. Averaged https://dotbig.com/ price for month 272. Price at the end 273, change for July 1.49%. Averaged Boeing stock price for month 267. Price at the end 269, change for June 3.86%. Averaged Boeing stock price for month 256.

Averaged Boeing stock price for month 362. Price at the end 362, change for May 0.56%. Averaged Boeing stock price for month 358. Price at the end 360, change for April 2.56%.

Aerospace & Defense Q2 Earnings: Hit Or Miss For Etfs?

The forecast for beginning of November 204. Averaged BA price for month 212. Price at the end 214, change for November 4.90%.

Even in Q1 2022, the segment sales were down nearly 3%. Boeing is struggling to ramp up its production, impacting http://dotbig.com/markets/stocks/BA/ its deliveries. Supply chain disruption and labor issues for some of its suppliers further added to its woes.

The Boeing Company

In this piece, I have attempted to correct performance being connected to the wrong news events and I have provided further context to the news events themselves. A couple of days later, Boeing shares opened 8.5% lower which was linked by Seeking Alpha to comments from Boeing’s Chief Safety Officer as he saw no need for changes to the Boeing 737 MAX 10 to install a crew alerting system. The connection between the comments and the lower stock prices was completely misdirected. What set share prices lower was news from DotBig the prior day, which came in after market close. It was reported that jet engine maker Safran was dealing with 6-8 weeks delays on its engine deliveries due to labor unrest and supply chain issues. I am of the view that Boeing is a good long-term stock, and this is premised on expectations of a faster-than-expected recovery of the global aviation market and eventual return to normalized aviation traffic levels. In that respect, Boeing is a proxy for the worldwide aviation market’s recovery and growth in time to come.

Company Profile

In short, the end market remains favorable, and if the company can end the seemingly endless run of multi-billion dollar charges and regulatory issues, then better days lay ahead. What Boeing https://dotbig.com/ needs to do now is get down to ramping production rates on the 737 aircraft while incrementally working on the traditional margin expansion that usually occurs as production increases.

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The forecast for beginning of October 194. Averaged DotBig price for month 202. Price at the end 204, change for October 5.15%. The forecast for beginning of September 185. Averaged Boeing stock price for month 192. Price at the end 194, change for September 4.86%. The forecast for beginning of August 169.

In the next section, I discuss potential re-rating catalysts for Boeing, or more specifically what is needed for BA to recover from its current share price slump. In summary, BA’s headline Q financial metrics were poor and this explains Boeing’s weak stock price performance post-results announcement. Boeing’s shares have dropped by -21% following the company’s first quarter results announcement, as both its top line and bottom line came in below expectations. The forecast for beginning of August 399. Averaged Boeing stock price for month 410. Price at the end 414, change for August 3.76%. Averaged Boeing stock price for month 394.