Company Update (NYSE:BA): Boeing Co Announces Fourth-Quarter Deliveries for 2016


Boeing Co (NYSE: BA) announced deliveries across its commercial and defense operations for the fourth quarter of 2016.

Major program deliveries during the fourth quarter, including deliveries under operating lease (which are identified by parentheses), were as follows:

Shares of Boeing Company are currently trading at $159.00, up $0.29 or +0.18%. BA has a 1-year high of $160.07 and a 1-year low of $102.10. The stock’s 50-day moving average is $153.82 and its 200-day moving average is $138.60.

On the ratings front, Boeing Company¬†has been the subject of a number of recent research reports. In a report released yesterday, Canaccord Genuity analyst Kenneth Herbert reiterated a Hold rating on BA, with a price target of $145, which implies a downside of 9% from current levels. Separately, on December 21, Seaport Global’s Josh Sullivan initiated coverage with a Buy rating on the stock and has a price target of $180.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kenneth Herbert and Josh Sullivan have a yearly average return of 8.8% and a loss of -0.4% respectively. Herbert has a success rate of 56% and is ranked #335 out of 4348 analysts, while Sullivan has a success rate of 50% and is ranked #3002.

Overall, one research analyst has rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $155.18 which is -2.4% under where the stock opened today.

The Boeing Co. is an aerospace company that manufactures commercial jetliners and defense, space and security systems. Its products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. The company is organized into three business units: Boeing Commercial Airplanes, Boeing Defense, Space & Security and Boeing Capital. 

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