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Name a company with more consistently bearish headlines than Boeing...
By: TrendSpider | April 10, 2024
• Name a company with more consistently bearish headlines than Boeing...
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BOEING'S DEI POLICY IS KILLING THE COMPANY!!!!!!!!
BA IS COLLAPSING!!!!!!!!!!!!
FIRE THE ENTIRE BOD.... THEY ARE ALL INCOMPETENT!!!!!!!
What's happening with the stock price? Did another door fall off? LOL
I have standing GTC buy orders at $60 and $30 for BA common.
Nott $160 and $130, at $60 and $30.
Prolly won't fill until after the Nov2024 election or in 2025.
New York Times reports a FAA whistleblower investigation re design flaws in Boeing Dreamliner.
You sure make a lot of excuses for this company.
Of COURSE it does. 100% of the incidents mentioned here on this board since the Door Plug problem on that Alaska Air aircraft can be attributed to parts, pilot or maintenance failures that have ZERO to DO with Boeing itself!
The plain fact of the matter is that for some reason, people LOVE to blame the aircraft manufacturer when there is an incident. When in ACTUALITY? The fact is that it is usually NOT the case.
MOST of the incidents (except for that door plug issue) that have been highlighted here have happened on aircraft that have been in service for YEARS. And they have been directly attributed to bad piloting, bad maintenance or bad parts.
Boeing should not be held responsible for the way some pilots mishandle the aircraft, the way maintenance procedures are sometimes not followed, or for the failure of "on condition" parts.
But it certainly seems as if that is the case.
I’ve read a report that the plane involved was manufactured by BA in 2015, in service for 9 years. This shifts the Denver incident to LUV(Southwest) maintenance.
Boeing $BA $500K Calls
By: Theta Warrior | April 8, 2024
• $BA Added to the pack.
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Boeing (BA) Stock Falls After Another In-Flight Issue, Bear Note
By: Schaeffer's Investment Research | April 8, 2024
• A Boeing 737-800 engine cover flew off during a Southwest Airlines flight
• Bernstein lowered its price objective to $240 from $272
Boeing Co (NYSE:BA) is in the spotlight yet again, after news that the Federal Aviation Administration (FAA) is investigating an incident in which a Boeing 737-800 engine cover flew off during a Southwest Airlines (LUV) flight and hit the aircraft's wing flap on Sunday. Additionally, CEO David Calhoun reportedly earned a 45% raise to $33 million last year.
The equity also attracted a price-target cut from Bernstein to $240 from $272. The analyst in question said the equity is in a "purgatory situation" amid recent issues. Brokerages are still bullish, however, with 15 of the 21 firms in coverage calling the stock a "buy" or better, while the 12-month consensus target price of $244.80 is a 33.7% premium to current levels.
The shares were last seen down 0.2% to trade at $182.73. The 20-day moving average is acting as pressure, but a new floor has also emerged at the $180 level. BA is down 29.4% in 2024.
While calls outpace puts on an absolute basis, Boeing stock's 50-day put/call volume ratio over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 98% of annual readings. This means puts have been getting picked up at a quicker-than-usual clip lately.
What's more, the equity's Schaeffer's Volatility Scorecard (SVS) sits at a high 98 out of 100. This means BA exceeded option traders' volatility expectations in the past 12 months.
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Looking at the pictures, there is no doubt that cowling was left unlatched. You're right, that's a Southwest issue.
https://www.cnbc.com/video/2024/04/08/faa-to-probe-southwest-after-engine-cover-blows-off-boeing-plane.html?&qsearchterm=boeing
Even United admits their recent problems are United's - not Boeing's:
https://www.cnbc.com/video/2024/04/05/united-airlines-calls-off-may-investor-day-following-safety-incidents.html
Yes, it’s a nice little story.
Most likely has ZERO to do with a Boeing design issue. Or a Boeing factory issue.
This aircraft most likely had maintenance work performed by Southwest maintenance personnel and the engine cowling was probably incorrectly latched shut after the work was performed.
The incident will be investigated and I’m sure the cause of the cowl departure will eventually be revealed.
I’m betting Boeing had ZERO to do with it.
Southwest flight from Denver makes emergency landing after 'mechanical issue,' airline says
By: ABC News | April 7, 2024
A Southwest Airlines flight had to make an emergency landing Sunday morning after the engine cover detached during takeoff, according to the Federal Aviation Administration.
The Boeing 737-800 aircraft, which had been scheduled to fly from Denver to Houston, landed safely back at Denver International Airport just after 8:00 a.m. and was towed to the gate, according to the airport and airline.
According to the FAA, which is now investigating the incident, crew members aboard the flight said "the engine cowling fell off during takeoff and struck the wing flap."
In a statement, Southwest Airlines said the flight "landed safely after experiencing a mechanical issue." Customers were rebooked on other flights, and maintenance teams are now inspecting the plane, the airline said.
Footage taken by some passengers showed what appeared to be part of the plane hanging off and flapping in the breeze.
"It all blew away," one person can be heard saying in a video taken by passenger Lisa C., after which several people on board can be heard breaking out in cheers as the plane touches back down.
The engine cowling "peeled off within the first 10 minutes" of the flight, Lisa C. told ABC News.
"We all felt kind of a bump, a jolt, and I looked out the window because I love window seats, and there it was," she said.
Another passenger, Cooper Glass, told ABC News the experience was "frightening."
"People in the exit row across from me started yelling up to the flight attendants and showed them the damage," Glass said.
Glass praised the pilot, whom he said "did a great job on landing."
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Almost EVERY ITEM brought up here on this board that trashes Boeing isn't even valid! Notice I said "almost". Does Boeing have some quality control issues? Of course. That is obvious. And they have to deal with those. And they will.
BUT - most items highlighted here have already been directly attributed to either part failures or pilot/maintenance screw-ups of the airline operating the aircraft - and NOT fault of the aircraft manufacturer.
That's got nothing at all to do with Boeing.
FAA needs to talk to the ground crew that last serviced that engine and the crewmember who performed the preflight walk around.
New investigation initiated against Boeing after engine cowling fell off 737-800, hitting wing tip, Denver incident today, per Reuters.
"The beleaguered aerospace giant’s outgoing chief executive made $32.8 million in 2023"
THEFT FROM SHAREHOLDERS..... THIS INCOMPTENT A'HOLE SHOULD PAY BOEING $30M INSTEAD FOR ALL THE DAMAGE HES HAS DONE!!!!!!!
Boeing MAX Production Is at a Crawl. It Would Take 20 Years to Fill the Backlog at This Rate
By: Barron's | April 5, 2024
Boeing's 737 MAX production has slowed to a crawl. That's probably a good thing though airline customers might not agree. Boeing suppliers, on the other hand, should be all right — if Boeing can get its act together.
Boeing's targeted and Federal Aviation Administration-permitted MAX production rate is currently 38 a month. The company delivered 42 MAX jets in January and February. Boeing will report March deliveries in a few days. Investors shouldn't expect a big number.
"Cirium data shows that Boeing only test flew 13 MAX planes in March, similar to the 11 that it flew in February," wrote Vertical Research Partners analyst Rob Stallard in a report Thursday. Cirium is an aviation consultancy used by the industry and Wall Street.
All signs point to another month of around 20 MAX deliveries. Along with new production, Boeing is still delivering MAX jets built and parked during the worldwide MAX grounding between March 2019 and November 2020 following two deadly crashes within five months.
Melius analyst Robert Spingarn believes the first-quarter production rate will end up lower than 20 per month. There is a good reason for lower production. Boeing is working "to minimize traveled work," wrote the analyst in a report Friday.
Traveled work refers to doing jobs on the production line somewhere other than originally designed. Less travel work is a sign Boeing is trying to get its production system under better control. That change came in the aftermath of the early January emergency door plug blowout on a 737 MAX 9 operated by Alaska Air.
More control and better quality is a positive, but it does put short-term and long-term estimates at risk. Wall Street expects Boeing to deliver about 450 MAX jets in 2024, up from 387 delivered in 2023. In the long term, Boeing expects to produce 50 MAX jets a month. "Given the current state of the 737 ramp, Boeing's targeted rate of 50/month in 2025/2026 seems unlikely," added Spingarn.
Boeing has some 4,800 unfilled orders for 737 MAX jets. At 20 a month, that's 20 years of backlog. It's great to have a big backlog but Boeing's airline customers would balk. Things should improve, still, at 40 a month Boeing has 10 years of backlog and some airlines would be waiting longer than expected for new jets.
That has some implications for Boeing as well as the airlines. Jefferies analyst Sheila Kahyaoglu noted in a report that Boeing paid Alaska $160 million in compensation for the MAX 9 grounding and lost airline capacity. Extrapolating that payment to other airlines lacking MAX capacity is difficult — only one door plug blew off — but she expects Boeing to report more than $420 million payments to airlines for the first quarter. Boeing "expects additional compensation to be provided beyond Q1, the terms of which are confidential," added the analyst.
The production delays make life harder for the airlines and Boeing. There will eventually be an impact on suppliers too. Spirit AeroSystems and Hexcel are two at the biggest risk of estimate cuts, Kahyaoglu wrote. Both companies' estimates imply production rates closer to 38 a month; she now expects an average of about 30 MAX jets made a month in 2024.
Boeing can still take parts at a higher rate than it is making planes, but investors should, at least, be aware of the potential for cuts given how the year has started.
At 30 a month, it would take Boeing some 13 years to work through its existing MAX backlog. Production rates shouldn't stay at that level forever. Still, the entire aerospace value chain — from suppliers to airlines — is waiting for things to improve.
Boeing stock was up 0.4% in premarket trading Friday, while S&P 500 and Dow Jones Industrial Average futures rose 0.4% and 0.5%, respectively.
Coming into Friday trading, Boeing stock has fallen about 30% this year. MAX troubles have weighed on investor sentiment.
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BA Buy at $60 GTC
and
BA 2xBuy at $30 GTC
Boeing Secures 5-Year Extension to Manage US Air Force Testing Facility in Utah
By: MT Newswires | April 2, 2024
Boeing BA secured a five-year extension to its operation and maintenance contract, worth up to $559 million, for the Little Mountain Test Facility at Hill Air Force Base, Utah, by the US Air Force.
The site tests the functionality of critical defense systems, including intercontinental ballistic missile force and nuclear modernization programs, among other projects.
Boeing has managed the facility for 50 years, the company said Tuesday.
Boeing shares were down about 1% in recent trading.
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$BA made a higher low on the weekly, if you think the uptrend will hold, you could long here with a stop under the last higher low, targeting a gap fill at the least
By: TrendSpider | March 29, 2024
• Trade idea using asymmetric reward-to-risk:
$BA made a higher low on the weekly, if you think the uptrend will hold, you could long here with a stop under the last higher low, targeting a gap fill at the least.
R/R ratio: 2.78
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MORE BOEING PROBLEMS.... ANOTHER 777 MAKES AN EMERGENCY LANDING!!!!!!!!!!
Bar, I wouldn't buy the stocks either, but it's an interesting technology to follow. The proposed business model - VTOL 'taxi service', I don't see being very viable if you can only carry a handful of passengers at a time. They also have to periodically recharge the electric batteries, so lots of downtime, and the cost of these aircraft will be steep. Business-wise, better off just buying a fleet of yellow cabs. But the technology is super cool, so that's the attraction :o)
The 'redundancy' aspect of having so many engines is a huge safety plus, and the lack of vibration eliminates one of the biggest problems with helicopters. My dad was a pilot and an aeronautical engineer, and in the 1980s did some modification work on helicopters. He said he would absolutely never get in one. But these new electric VTOLs eliminate some of the biggest problems.
ACHR trades at $4.62 a share, a penny stock by the current common definition. As I've said I don't buy stocks with market caps under $10 billion.
Maybe if I get some time, I'll build a Finviz "paper portfolio" of VTOL stocks. But most of those stocks look like junk to me.
Bar, Here's the next generation VTOL for the military - Bell V-280 Valor (see below).
Btw, those small VTOL companies (JOBY, ACHR), are not penny stocks -> market caps are 3.7 bil and 1.4 bil respectively. Fwiw, they look considerably safer than this Bell V-280 Valor. Lose an engine or two (or three) and the Joby or Archer just keep on flying. With the Bell V-280 Valor you're in a heap of trouble -
Bell V-280 Valor -
https://en.wikipedia.org/wiki/Bell_V-280_Valor
Airbus has had a a number of problems with its planes lately too.
Boeing $BA Bulls looking to catch a relief bounce. A variety of OTM calls just hit the tape
By: Cheddar Flow | March 27, 2024
• $BA Bulls looking to catch a relief bounce
A variety of OTM calls just hit the tape
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Moody's places Boeing ratings on review for downgrade
By: Reuters | March 26, 2024
Moody's Investors Service on Tuesday said it was considering downgrading Boeing's BA "Baa2" senior unsecured rating and "Prime-2" short-term ratings.
"Placing the ratings on review for downgrade follows Moody's belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand its free cash flow and retire debt in a reasonable timeframe," the agency said.
The Baa2 backed long-term revenue bond and VMIG 2 backed short-term revenue bond, issued by the Miami-Dade County Industrial Development Authority, were also placed on review for downgrade.
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Sadd. Boeing ------> Sears Roebuck
Merrika???
WELL WELL WELL ..... WHAT DID I SAY ABOUT BOEINGS GROSSLY INCOMPETENT MANAGEMENT??????
LMAO!!!!!!!!!!
Regimes change... hopefully for the better.
Can’t we just have Airbus buy us out? My brother is a recently retired engineer at Boeing. He saw this coming a good 10+ years ago, when a lot of GE management came in and took over.
Boeing May Look To Borrow More
By: Market Talk | March 25, 2024
The timing of Boeing's management and board reshuffle goes beyond tackling the slide in customer and investor confidence; Boeing may also need to borrow more. CreditSights forecasts a need for up to $10B in fresh debt over the next two years, just as rating agencies are revising their outlooks lower. That would cover buying Spirit AeroSystems, refinancing the supplier's debt, potentially paying off Airbus for Spirit work and filling the short-term cash hole from slowed 737 MAX output.
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Dave Calhoun and Stan Deal are stepping down. Pre-market seems to like it...
FBI tells Alaska Airlines passengers they may be ‘victim of a crime’
By: CNN news | March 22, 2024
Passengers on board the Alaska Airlines Boeing 737 Max 9 that suffered a terrifying midair blowout in January have received a letter from the FBI saying they may be victims “of a crime.”
Attorney Mark Lindquist, who represents multiple passengers that were on Alaska Airlines flight 1282, shared with CNN the letter that the FBI office in Seattle sent to passengers on Tuesday.
“I’m contacting you because we have identified you as a possible victim of a crime,” the letter reads in part. It also notes that the FBI is currently investigating the case.
“My clients and I welcome the DOJ investigation,” Lindquist told CNN, “We want accountability. We want answers. We want safer Boeing planes. And a DOJ investigation helps advance our goals.”
Attorney Robert Clifford, who represents many family members of the 2019 crash victims of a Boeing 737 Max jet flown by Ethiopian Air as well as some of the recent Alaska Air passengers, said some of his clients on Alaska Air also got the letter notifying them that they could be crime victims.
“I’m certain everyone on the plane will be getting this letter,” he told CNN. “The families of the Ethiopian Air victims should have also been considered crime victims.”
In addition to the letters that went out to passengers, flight attendants aboard Alaska Air Flight 1282 have been interviewed by investigators from the Justice Department, according to people familiar with the situation.
The letters were first reported by the Wall Street Journal earlier this month.
“The FBI does not confirm or deny the existence of an investigation,” FBI Seattle’s Public Affairs Office wrote in an email to CNN, citing Department of Justice policy.
Boeing’s potential criminal liability
But Justice opened a probe into the incident and Boeing in February, CNN has previously reported. That investigation carries the potential to upend a controversial deferred prosecution agreement that Boeing reached with the Justice Department in the final month of the Trump administration.
Tha settlement, which was criticized by families of crash victims and members of Congress, was over charges that Boeing defrauded the Federal Aviation Administration during the original certification process for the 737 Max jets. Boeing agreed to pay $2.5 billion as part of that settlement, but most of that was money Boeing had already agreed to pay to the airlines that had purchased the Max jets grounded for 20 months following the Ethiopian Air crash and an earlier crash in Indonesia.
The deferred prosecution agreement could have ended the threat of Boeing facing criminal liability for those earlier fraud charges. But the Alaska Air incident came just days before a three-year probation-like period was due to end, so the criminal probe could expose Boeing to charges not just for the Alaska Air incident but also the earlier allegations of criminal wrongdoing.
Boeing declined to comment.
On January 5, 171 passengers and six crew members boarded the flight in Portland, Oregon, bound for Ontario, California. Abruptly after take off, a panel of the fuselage called the “door plug” blew off, forcing the pilots to make an emergency landing.
A preliminary investigation by the National Transportation Safety Board found that the jet, which was delivered to Alaska by Boeing in October, had left Boeing’s factory without the four bolts needed to keep the door plug in place.
While the NTSB has yet to assess blame for the missing bolts, it has criticized Boeing for not having the documentation available showing who worked on the door plug when the plane was at Boeing’s factory.
The FAA has also found multiple problems with production practices of both Boeing and its major supplier Spirit AeroSystems following a six-week audit of Boeing triggered by the January 5 door plug blowout.
Subpoenas from the Justice Department were also recently sent seeking documents and information that may be related to Boeing and Spirit AeroSystems and mentions the “door plug” that is used in the Boeing 737 Max 9s, according to a report from Bloomberg.
Boeing CEO Dave Calhoun told investors last month that “We caused the problem, and we understand that. Whatever conclusions are reached, Boeing is accountable for what happened.”
The development comes the same week Boeing said it will report massive losses in the first quarter stemming from the Alaska Airlines incident.
The losses will be in part because of compensation to airlines that owned the Max 9, which was grounded for three weeks after the incident. Alaska Air CEO Ben Minicucci told investors last month that the incident cost his airline about $150 million, and that it expected to be compensated for those losses by Boeing.
The other contributors to losses will be “all the things we’re doing around the factory,” Chief Financial Officer Brian West said on Wednesday, leading to slower production at its 737 Max plant in Renton Washington.
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UBS Cuts Boeing Price Target to $250 From $275, Maintains Buy Rating
By: MT Newswires | March 21, 2024
Boeing BA has an average rating of outperform and price targets ranging from $200 to $300, according to analysts polled by Capital IQ.
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Update: Boeing Expects up to $4.5 Billion Q1 Cash Outflow, Lowers Monthly Production Target
By: MT Newswires | March 20, 2024
Boeing BA has decided to keep monthly B737 jet production below 38 as the planemaker predicted cash outflow of $4 billion to $4.5 billion in Q1, Chief Financial Officer Brian West said Wednesday in a conference.
West said the company is "deliberately going to slow" as it implements changes aimed at addressing the US Federal Aviation Administration's concerns, according to a Capital IQ transcript.
"We are the ones who made the decision to constrain rates on the 737 program below 38 per month until we feel like we're ready. And we'll feel the impact of that over the next several months," West said.
The company also plans to only accept a fully conforming fuselage from supplier Spirit AeroSystems
SPR, following regulatory scrutiny of its manufacturing processes after the Jan. 5 incident involving a blowout in a 737 Max 9 plane mid-flight.
Boeing shares were down 2% in recent premarket activity.
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Boeing $BA was just awarded a $1.1 Billion modification to a previous contract with the U.S. Navy
By: Evan | March 19, 2024
Boeing $BA was just awarded a $1.1 Billion modification to a previous contract with the 🇺🇸 Navy pic.twitter.com/42j7r0qDdg
— Evan (@StockMKTNewz) March 19, 2024
HIRING DEI EMPLOYEES DOESN'T WORK IN THE AVIATION INDUSTRY!!!!!!!!!!
BOEING'S INCOMPETENT MANAGEMENT ARE TOO STUPID TO UNDERSTAND THIS FACT!!!!!!!!
BOEING'S DECLINING STOCK PRICE IS A REFLECTION OF THIS REALITY!!!!!!!
Airbus CEO says Boeing's problems are bad for whole industry
By: Reuters | March 19, 2024
Airbus AIR takes no pleasure in the technical problems plaguing U.S. rival Boeing BA as they damage the image of the entire aerospace industry, the CEO of the European planemaker said on Tuesday.
"I am not happy with the problems of my competitor. They are not good for the industry a whole," Guillaume Faury told the "Europe 2024" conference in Berlin, when asked about technical problems at Boeing.
"We are in an industry where quality and safety is top priority," he added.
Boeing was rocked in January by a door plug blowout on one of its 737 MAX 9 jets during an Alaska Airlines ALK flight.
Earlier this month, Boeing also told airlines operating 787 Dreamliners to check flight deck switches after a sudden mid-air dive by a LATAM Airlines LTM 787 plane left more than 50 people injured.
French Finance Minister Bruno Le Maire told the same event in Berlin that Airbus was currently in better shape than Boeing.
"I prefer Airbus' situation to that of Boeing," he said.
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And you get marvelous emoticons from an iHub member who has never even posted on the Boeing board (that I can see anyways)!
Where DO these bozo's come from???
My son, a Boeing design engineer, just flew !900 miles on a 737 Max 800. He said his flight was packed. There were no problems.
Politicians Are Dumping Boeing Stock, Should You?
By: Barchart | March 18, 2024
The Boeing Company BA is one of two major jet producers worldwide, effectively forming a duopoly with Airbus (AIR.FP) - but after another string of incidents involving Boeing's 737 Max fleet, previously grounded for two years over safety concerns due to fatal crashes, investors seem to be losing confidence in this industry titan. While analysts continue to back their bullish ratings on BA stock, here's a closer look at the latest troubles for Boeing, and the politicians who are dumping the blue chip stock.
What's Going On with Boeing Stock?
In early January, Boeing made headlines for all the wrong reasons when the panel blew out of one of its jets mid-flight - an issue that has since been traced back to missing bolts on a door plug. The Department of Justice (DoJ) has now opened a criminal probe into the Alaska Air Group
ALK flight, in part to determine whether Boeing complied with the settlement of a prior investigation into its 737 Max fleet. Previously, the fleet was grounded for two years after a pair of deadly crashes in 2018 and 2019 that left 346 people dead.
Against this backdrop, BA is one of the worst-performing stocks of 2024 among S&P 500 Index SPX components, down more than 31% since the start of the year.
Following the decline, BA is now valued at 1.25x forward sales - a discount to the industrial sector median of 1.46, as well as its own five-year average of 1.67. However, value-minded investors may want to proceed with caution before scooping up the beleaguered blue-chip stock on the current pullback.
Bipartisan Boeing Stock Sales in Congress
Amid news of the DoJ probe into Boeing, it's worth noting that members of Congress have been dumping shares of Boeing, according to recent disclosures - and the selling has been bipartisan in nature.
On Jan. 9, just days after the Alaska Air flight, Rep. Blake Moore (R-Utah) sold BA shares worth up to $15,000, according to Quiver Quantitative data. The Republican sits on the House Budget and Ways & Means Committees.
More recently, on Feb. 28, Rep. Bill Keating (D-Mass.) sold Boeing shares worth up to $15,000. The blue-state representative is a member of the Armed Services and Foreign Affairs Committees.
Inside Boeing's Financials
Along with the new crop of 737 Max safety concerns, Boeing's lack of profitability is another point of concern. Over the past 16 quarters, Boeing has reported profits only once (Q2 2021). Revenues have declined significantly, too, falling from $101 billion in fiscal year 2018 to $77.8 billion in fiscal 2023.
Results for the recently completed Q4 of fiscal 2023, however, surpassed Wall Street's expectations. Boeing reported a Q4 loss of $0.47 per share, which was much improved from the previous year's loss of $1.75 per share, and topped the consensus estimate for a loss of $0.72 per share. Likewise, revenues climbed by 10% to a stronger-than-forecast $22.2 billion.
Free cash flow of $2.95 billion also exceeded the consensus estimate, and 2023 free cash flow of $4.43 billion landed toward the high end of the company's targeted range. Boeing expects to reach free cash flow of $10 billion by 2025-26 - but declined to offer a financial forecast for 2024, with CEO Dave Calhoun asserting that quality is the focus right now.
What Do Analysts Expect for BA Stock?
Despite the serious issues at Boeing, analysts have yet to abandon the stock - perhaps because, along with Airbus, Boeing accounts for roughly 99% of all orders for large aircraft. Moreover, according to market research firm Statista, the global aerospace services market is expected to reach more than $3.6 trillion by 2041.
While the consensus rating on Boeing has dropped from a “Strong Buy” to a “Moderate Buy” over the past month, Goldman Sachs is one of the more prominent firms to back its bullish view on BA. In late January, analyst Noah Poponak upped his price target on the aerospace giant to $268, which implies expected upside of 48.9% to current levels.
Overall, analysts are cautiously optimistic about Boeing stock. Out of 21 analysts covering the shares, 14 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, and 6 have a “Hold” rating.” The mean target price is $266.22, which denotes an upside potential of about 48% from current levels.
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These stories create some really great put writing opportunities!
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