Stock Update (NYSE:BA): Boeing Co, BOC Aviation Announce Order for 22 737s

Boeing Co (NYSE:BA) and BOC Aviation, announced an order for 22 737 airplanes, building on the leasing company’s existing order book to fulfill customer demand.

The order, consisting of 11 Next-Generation 737-800s and 11 737 MAX 8 airplanes, will be posted to Boeing’s Orders and Deliveries website once finalized.

“This order demonstrates our continued confidence in the Next Generation 737 aircraft for its proven high performance, reliability and asset value,” said Robert Martin, managing director and chief executive officer of BOC Aviation. “The Next Generation 737 economics are very attractive to our customers. With the 737 MAX, we are investing in new technology aircraft to meet our customers’ long-term fleet planning requirements.”

In addition to today’s announcement, BOC Aviation has ordered 167 737 airplanes, including 50 737 MAXs and 16 777s.

“BOC Aviation has played an important role in the success of the 737 program and we’re delighted they have again put their confidence in Boeing and the 737 family,” said Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes. “This new order, on top of the 2014 order for 80 737s, is proof of BOC Aviation’s leading position in the leasing market, providing its customers with the most reliable and fuel-efficient single-aisle airplanes.” (Original Source)

Shares of Boeing Company closed yesterday at $148.34, down $1.10 or -0.7%. BA has a 1-year high of $158.83 and a 1-year low of $115.14. The stock’s 50-day moving average is $143.13 and its 200-day moving average is $140.00.

On the ratings front, Boeing has been the subject of a number of recent research reports. In a report issued on November 17, Canaccord Genuity analyst Kenneth Herbert reiterated a Buy rating on BA, with a price target of $165, which represents a potential upside of 11.2% from where the stock is currently trading. Separately, on November 5, Deutsche Bank’s Myles Walton maintained a Buy rating on the stock and has a price target of $175.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kenneth Herbert and Myles Walton have a total average return of 5.3% and 9.5% respectively. Herbert has a success rate of 61.3% and is ranked #604 out of 3636 analysts, while Walton has a success rate of 75.0% and is ranked #138.

Overall, 2 research analysts have assigned a Hold rating and 7 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 $175.71 which is 18.5% above where the stock closed yesterday.



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