Boeing (NYSE: BA) Update: Delivery Figures for 737 MAX Aircraft Surge, Analysts Reaffirm Rating and Price Target
Barclays maintains Equalweight rating on Boeing shares with $190.00 price target amid robust delivery figures for Boeing's 737 MAX aircraft. The firm estimates 84 MAX planes delivered in Q3, including 18 from storage, with 18 deliveries to China. Notably, Boeing has made progress in reducing the number of MAX aircraft in storage, with around 80 remaining.
Analysis:
Boeing's position in the Aerospace & Defense industry remains strong, but financial metrics and analyst expectations raise concerns. With a market cap of $94.72 billion, Boeing is trading near its 52-week low, indicating potential undervaluation. The company's gross profit margin is at 10.46%, reflecting weak margins. Stock price volatility is high, with negative returns in the short term. Despite challenges, recent delivery figures show demand and progress. For a deeper analysis, InvestingPro offers insights on Boeing's financial health and prospects.
In summary, Boeing's performance in the market is affected by delivery figures, regulatory scrutiny, labor disputes, and financial metrics. Investors should consider these factors before making investment decisions in Boeing.