BABoeing Company — stock analysis & sentiment

Boeing closed at $188.35, in the lower part of its 52-week range of $176.77 to $254.35. That puts the shares about 6.5% above the low and roughly 26% below the high, about 15% of the way up from the bottom of the range. The high sits about 44% above the low, so the stock has covered a lot of ground over the past year. A beta of 1.26 means it has tended to move somewhat more than the broader market.

At a market capitalization of about $148.9 billion, the shares trade at roughly 67 times trailing earnings and about 50 times forward earnings. Both multiples are high compared with the earnings the business currently produces. The lower forward figure reflects expectations that earnings will be larger over the coming year. Profitability is thin: the profit margin is about 2.6%, so only a small slice of revenue reaches the bottom line, even as revenue grew 8%. The price-to-book ratio of about 24 shows the market valuing the company far above its accounting book value. Boeing currently pays no dividend.

Most of the recent news has been about the wider aerospace and defense sector rather than Boeing itself. Headlines covered quarterly results from Lockheed Martin and from Hexcel, an aerospace materials supplier whose stock fell after its report despite beating estimates. Other stories looked at the eVTOL (electric air taxi) segment, including Archer Aviation, and compared aerospace exchange-traded funds. Only one recent headline focused on Boeing directly.