Boeing Co (BA) Stock Surges on Software Update News

 

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.

Click Here to get the full Stock Score Report on Boeing Co (BA).

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.

Symbols: BA

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