Boeing (BA) closed the most recent trading day at $381.65, moving +1.23% from the previous trading session. This change outpaced the S&P 500's 0.84% loss on the day. Meanwhile, the Dow lost 0.53%, and the Nasdaq, a tech-heavy index, lost 1.47%. Lawyer for Car Accident
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Coming into today, shares of the airplane builder had gained 5.01% in the past month. In that same time, the Aerospace sector gained 4.15%, while the S&P 500 gained 5.2%.
Investors will be hoping for strength from BA as it approaches its next earnings release. The company is expected to report EPS of $2.33, down 34.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.71 billion, down 17.63% from the year-ago period.
BRUSSELS (Reuters) - Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil's Embraer, people familiar with the matter said on Monday.
The deal, marking the biggest shift in commercial aerospace in decades, would reshape a global passenger jet duopoly and reinforce Western planemakers against newcomers from China, Russia and Japan.
It would give Boeing a foothold in the lower end of the market, enabling it to better compete with the CSeries jets designed by Canada's Bombardier Inc and backed by European rival Airbus SE.
The deal values the Embraer unit at $4.75 billion.
Embraer shares opened lower after Reuters' report on the impending investigation and were trading 2.1% weaker at 1455 GMT.
The European Commission, which has set an Oct. 4 deadline for its preliminary review of the deal, did not respond to a request for immediate comment.
The EU competition enforcer will launch a full-scale investigation following the end of its review, which could take up to five months and raises pressure on Boeing to offer concessions to address competition concerns.
The Commission recently quizzed suppliers and rivals on the deal, indicating concerns about the concentration in the market.
They were asked about the impact of the reduced number of players, from seven to six and from three to two in various segments, a person with direct knowledge of the deal said.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.09 per share and revenue of $85.61 billion, which would represent changes of -74.45% and -15.35%, respectively, from the prior year.
Boeing said it was engaged with regulatory authorities in relevant jurisdictions and was continuing to work through the regulatory approvals process.
Embraer was not immediately available for comment.
Aviation analysts say there is limited overlap in the number of seats between Boeing’s 737 family and Embraer‘s smaller E2 jets.
Investors should also note any recent changes to analyst estimates for BA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
There is slightly more overlap between Airbus’s portfolio and Bombardier’s CSeries programme which the European planemaker bought last year, they add.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BA is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 92.08 right now. For comparison, its industry has an average Forward P/E of 18.22, which means BA is trading at a premium to the group.
General Electric bagged an order for engines to power eight Boeing 787 Dreamliner airplanes, as rival Rolls-Royce engines face more delays.
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Also, we should mention that BA has a PEG ratio of 11.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 9, putting it in the top 4% of all 250+ industries.
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The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.
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boeing stock price
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Is Boeing stock a buy sell or hold?
Investors will be hoping for strength from BA as it approaches its next earnings release. The company is expected to report EPS of $2.33, down 34.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.71 billion, down 17.63% from the year-ago period.
BRUSSELS (Reuters) - Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil's Embraer, people familiar with the matter said on Monday.
The deal, marking the biggest shift in commercial aerospace in decades, would reshape a global passenger jet duopoly and reinforce Western planemakers against newcomers from China, Russia and Japan.
It would give Boeing a foothold in the lower end of the market, enabling it to better compete with the CSeries jets designed by Canada's Bombardier Inc and backed by European rival Airbus SE.
The deal values the Embraer unit at $4.75 billion.
Embraer shares opened lower after Reuters' report on the impending investigation and were trading 2.1% weaker at 1455 GMT.
The European Commission, which has set an Oct. 4 deadline for its preliminary review of the deal, did not respond to a request for immediate comment.
The EU competition enforcer will launch a full-scale investigation following the end of its review, which could take up to five months and raises pressure on Boeing to offer concessions to address competition concerns.
The Commission recently quizzed suppliers and rivals on the deal, indicating concerns about the concentration in the market.
They were asked about the impact of the reduced number of players, from seven to six and from three to two in various segments, a person with direct knowledge of the deal said.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.09 per share and revenue of $85.61 billion, which would represent changes of -74.45% and -15.35%, respectively, from the prior year.
Boeing said it was engaged with regulatory authorities in relevant jurisdictions and was continuing to work through the regulatory approvals process.
Embraer was not immediately available for comment.
Aviation analysts say there is limited overlap in the number of seats between Boeing’s 737 family and Embraer‘s smaller E2 jets.
Investors should also note any recent changes to analyst estimates for BA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
There is slightly more overlap between Airbus’s portfolio and Bombardier’s CSeries programme which the European planemaker bought last year, they add.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BA is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 92.08 right now. For comparison, its industry has an average Forward P/E of 18.22, which means BA is trading at a premium to the group.
boeing stock
Boeing stock price, boeing stock footage, boeing stock analysis,
boeing stock 2019,
boeing stock news,
Also, we should mention that BA has a PEG ratio of 11.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 9, putting it in the top 4% of all 250+ industries.
Boeing stock price today, boeing stock crash, boeing stock after crash, boeing stock cramer, boeing stock cnbc
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.
I can provide you with a general overview of Boeing's stock history up to that point. Please note that stock prices and historical data may have changed since then.
Boeing is a well-known aerospace company that has been publicly traded on various stock exchanges for many years. The company's stock history reflects its growth, challenges, and market trends. Here are some key points from Boeing's stock history:
1. Early Years: Boeing was founded in 1916 and became a publicly traded company in 1933. Over the years, its stock saw fluctuations in response to developments in the aviation industry and global events.
2. Growth and Commercial Success: Boeing experienced significant growth during periods of increased demand for commercial aircraft. The company's stock price generally followed the trends of the aviation market and the broader economy.
3. Boeing 707 and Commercial Jet Era: The introduction of the Boeing 707 jetliner in the late 1950s marked a pivotal moment for the company and the aviation industry. The success of the 707 and subsequent commercial jetliners contributed to Boeing's stock growth.
4. Market Challenges and Downturns: Like many companies, Boeing faced challenges during economic downturns and industry downturns. Stock prices can be affected by factors such as economic recessions, fuel prices, competition, and regulatory issues.
5. Terrorist Attacks and Recovery: After the September 11, 2001 terrorist attacks, the airline industry faced significant challenges, and Boeing's stock price was affected. The industry eventually recovered, and Boeing continued to innovate with new aircraft models.
6. 787 Dreamliner: The introduction of the Boeing 787 Dreamliner marked a new chapter for the company, featuring advanced materials and fuel efficiency. The Dreamliner's success had an impact on the company's stock performance.
7. 737 MAX Crisis: In 2019, Boeing faced a crisis related to the grounding of its 737 MAX aircraft following safety concerns. This event had a notable impact on Boeing's stock price and reputation.
8. COVID-19 Pandemic: The aviation industry faced unprecedented challenges due to the COVID-19 pandemic, leading to decreased demand for air travel and new aircraft. Boeing's stock was also affected by these circumstances.
Boeing's stock history reflects the cyclical nature of the aerospace industry, influenced by technological advancements, market trends, and external events. Please keep in mind that stock prices can be highly volatile and subject to various factors.
For the most up-to-date and accurate information about Boeing's stock history and current stock prices, I recommend using a financial news website, stock market apps, or consulting with financial experts who have access to real-time data.