Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Boeing (NYSE:BA) Stock Price
News headlines about Boeing (NYSE:BA) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boeing earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the aircraft producer an impact score of 44.7865939984118 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Amid tense trade backdrop, China’s Xiamen and North Charleston’s Boeing celebrate cooperation (postandcourier.com)
- (OFFICIAL) -Canada illegally subsidized Bombardier – Embraer (finance.yahoo.com)
- Boeing DJIA’s Top 2018 Stock Despite Setback – 24/7 Wall St. (247wallst.com)
- US trade body backs Canadian plane maker Bombardier against Boeing – Yahoo Finance (finance.yahoo.com)
- UPDATE 1-Relief for UK workers after Bombardier trade dispute victory (feeds.reuters.com)
BA has been the subject of a number of research reports. Berenberg Bank set a $395.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada set a $363.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research report on Monday, January 22nd. Seaport Global Securities reissued a “buy” rating and set a $430.00 price objective on shares of Boeing in a research report on Thursday, January 18th. Finally, Vetr raised shares of Boeing from a “strong sell” rating to a “sell” rating and set a $303.48 target price for the company in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $315.52.
Boeing declared that its Board of Directors has initiated a stock buyback program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is 52.21%.
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The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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