Shares of Boeing Co (BA) stock spiked nearly 2% Tuesday afternoon following news that the company is finalizing fixes to the Boeing 737 MAX anti-stall software suspected of causing two fatal crashes. The Federal Aviation Administration released initial reviews of the software, calling it “operationally suitable” according to a CNBC article. BA stock is up 15.22% over the last 12 months, and the average rating from Wall Street analysts is a Moderate Buy.
Stock Score Report, InvestorsObserver’s proprietary scoring system, gives BA stock a score of 64 out of a possible 100. That score is primarily influenced by a fundamental score of 69. In addition to the average rating from Wall Street analysts, BA stock has a mean target price of $440.00. This means analysts expect the stock to rise 15.11% over the next 12 months. BA’s score also includes a short-term technical score of 66. The long-term technical score for BA is 56.
What’s Happening with BA Stock Today
Boeing Co (BA) stock has gained 1.91% while the S&P 500 is up 0.1% as of 3:05 PM on Tuesday, Apr 16. BA is up $7.15 from the previous closing price of $375.10 on volume of 5,271,496 shares. Over the past year the S&P 500 has risen 8.61% while BA is up 15.22%. BA earned $17.85 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 21.37.