With 3 sell/buy ratio, The Boeing Company (NYSE:BA) experienced more insider selling than insider buying over the last three months. Could this be a sign for outside investors to start selling as well? BA recorded 3 sales on the open market in the last three months. They sold nearly 14,839 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 164,456 shares when buyers snapped up 142,808 shares. The 12-month’s totals signify about a 1.15-to-1 sell/buy ratio.
Ramos Jenette E parted with a total of 1.64 thousand shares of The Boeing Company (BA) at average share price of $367.52. This insider trade in the company took place on 11/09/2018. The total for the sales was set at $602.73 thousand. After this transaction, the SVP, Mfg, Supply Chain & Opera account balance stood at 9.11 thousand shares. The stock lost -6.81 percent since that insider sale. On 10/29/2018, Sands Diana L, SVP, Internal Gov & Admin, sold 5 thousand shares at a price per share of $350.07. This removed 1.75 million shares from the insider’s fortune and the stock saw a -2.16 percent retreat in value since the news became public. This transaction left 21.47 thousand shares in the SVP, Internal Gov & Admin account.
On 05/09/2018, EVP & General Counsel Luttig J Michael performed a sale transaction worth $3.1 million. This sale at $344.13 each has eliminated 9 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -0.47 percent decrease since the transaction was reported. The insider now is left with 28.37 thousand shares remaining in the account. Hyslop Gregory L, who performs the CTO & SVP, Eng., Test & Tech job, sold 2.24 thousand shares for $762.55 thousand. The disposal occurred on 05/07/2018 was priced at $340.27 per share. The share price soared 0.66 percent since the reporting date. Hyslop Gregory L now left with a stake of 19.38 thousand BA stock worth $6.64 million after the insider selling.
The 12-month median price target for The Boeing Company (BA) assigned by the analysts stands at $428.32, which represents a return potential of 25.06 percent when compared to the closing price of the stock of $342.5 on Tuesday, December 04. The lowest price target for the stock is $330 — slightly more than -3.65 percent from BA’s current share price. The stock will probably climb 21.82 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $515-month high price target. This represents a whopping 50.36 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 47.94 on daily chart, which may remain a cause for concern. If the price breaks below $330.94 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $353.3 mark may result into a pull-back move towards $364.1 level. The stock is currently hovering around the first support level of $336.72. Below this, the next support is placed in the zone of $330.94. Till the time, the BA stock trades above this level, bulls have nothing to fear.
Shares of The Boeing Company (BA) are trading at a P/E ratio of 22.64 times earnings reported for the past 12 months. The industry BA operates in has an average P/E of 45.41. Its P/E ratio went as low as 14.73X and as high as 22.88 over the 5-year span. Further, it is sporting a 2 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5. 18.7 percent is the gross profit margin for The Boeing Company and operating margin sits at 11 percent. Along with this, the net profit margin is 10.4 percent.
On 4th of December, The Boeing Company (NYSE:BA) shares ended lower after a volatile session. The shares dropped -17.46 points or -4.85 percent at $342.5 with a heavy trade volume of 5.153 million shares. After opening the session at $357, the shares went as high as $358.32 and as low as $341.74, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $197 billion and now has 574.2 million shares outstanding. The Boeing Company (BA) stock has lost -4.26 percent of market value in 21 trading days.
In last reported earnings results, BA earned $3.58 per share, better than the $3.47, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $25.1B, better than the $24B analysts expected. Earnings are estimated to increase by 53.8 percent this year, 19.89 percent next year and continue to increase by 22.84 percent annually for the next 5 years. Investors will get their next glimpse of BA’s Q4 earnings on January 30. Analysts are forecasting revenue to climb 6.5 percent to $27B in the next fiscal quarter, while earnings are seen soaring by nearly 50 percent to $4.59 per share. History has shown that shares in The Boeing Company have gone up on 23 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings.
BA stock has a trailing 3-year beta of 1.3, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $15.39 a share in the trailing twelve months. The stock’s value has surged 16.14 percent year to date (YTD) against a rise of 23.21 percent in 12 month’s time. The company’s shares still trade -13.13 percent away from its 1-year high of $394.28 and 25 percent up from 52-week low of $274.00. The average consensus rating on the company is 1.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.