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Trade-Ideas: Boeing (BA) Is Today's Pre-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Boeing ( BA) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Boeing as such a stock due to the following factors:

  • BA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.1 billion.
  • BA traded 20,821 shares today in the pre-market hours as of 8:00 AM.
  • BA is up 2.8% today from yesterday's close.

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More details on BA:

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The stock currently has a dividend yield of 1.8%. BA has a PE ratio of 20.1. Currently there are 17 analysts that rate Boeing a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Boeing has been 5.8 million shares per day over the past 30 days. Boeing has a market cap of $81.1 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 1.03 and a short float of 1.5% with 0.98 days to cover. Shares are up 41.8% year to date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 45.66% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, BA should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • BOEING CO has improved earnings per share by 18.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, BOEING CO reported lower earnings of $5.12 versus $5.32 in the prior year. This year, the market expects an improvement in earnings ($6.50 versus $5.12).
  • BA, with its decline in revenue, slightly underperformed the industry average of 4.4%. Since the same quarter one year prior, revenues slightly dropped by 2.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Aerospace & Defense industry average, but is greater than that of the S&P 500. The net income increased by 19.8% when compared to the same quarter one year prior, going from $923.00 million to $1,106.00 million.
  • Even though the current debt-to-equity ratio is 1.23, it is still below the industry average, suggesting that this level of debt is acceptable within the Aerospace & Defense industry. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.41 is very low and demonstrates very weak liquidity.

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