Analyst: Multiple Headwinds Pushing on Boeing Stock

The majority of analysts rated BA a "strong buy" coming into today

Deputy Editor
Apr 4, 2023 at 10:04 AM
facebook X logo linkedin


The shares of blue-chip aerospace concern Boeing Co (NYSE:BA) are 1.6% lower, last seen trading at $211.90, after Northcoast Research downgraded the equity to "sell," citing expected changes to commercial aircraft production, consensus forecast resets, and quarterly headwinds. 

There's room for additional analysts to jump aboard the bearish bandwagon. Of the 13 covering brokerages, nine came into today sporting a "strong buy" recommendation. What's more, the 12-month average target price of $226.18 is a 6.2% premium to BA's current perch.

In the options pits, calls rule the roost. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Boeing stock's 10-day call/put volume ratio of 2.15 sits higher than 82% of annual readings, suggesting calls have been getting picked up at a much quicker-than-usual clip.

Now looks like a good time to weigh in on the security's next move with options. The stock is seeing attractively priced premiums at the moment, per its Schaeffer's Volatility Index (SVI) of 29%, which sits in the lowest possible percentile of its annual range.

On the charts, Boeing stock's mid-March pullback that bounced off its 100-day moving average saw the shares nearly reclaim their annual highs. And though the equity is falling today, it still stands more than 12% higher in 2023.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI