Boeing Co. Stock Analysis
Latest News and Stock Analyst Ratings
The Boeing Company (BA) is a leading global aerospace manufacturer and defense contractor. The company's stock has been under pressure in recent years due to the grounding of its 737 MAX aircraft. However, the stock has recovered somewhat in recent months as investors become more optimistic about the future of the company.
Stock Price and Analyst Ratings
As of April 5, 2024, Boeing's stock was trading at $75.83 per share. The stock has a market capitalization of over $100 billion. Boeing has a consensus rating of "Hold" from analysts, with an average price target of $85.00 per share.
Earnings and Growth Estimates
Boeing is expected to report earnings per share of $3.50 for the fiscal year 2024. This represents a significant increase from the $2.73 per share that the company earned in fiscal year 2023. Boeing is also expected to grow its revenue by 10% in fiscal year 2024.
Risks and Challenges
Boeing faces a number of risks and challenges, including the ongoing grounding of the 737 MAX and the uncertainty surrounding the COVID-19 pandemic. However, the company also has a number of strengths, including its strong brand, its large order backlog, and its global reach.
Outlook
Boeing is well-positioned for growth in the long term. The company has a number of new aircraft programs in development, and it is expected to benefit from the growing demand for air travel. However, the company also faces a number of challenges, and it is important for investors to carefully consider the risks before investing in Boeing.
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