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Why Boeing Co. (BA) Is Up Today

NEW YORK (TheStreet) -- Boeing (BA) ticked upward by 0.78% to $138.70 in midday trading on Monday after the company announced that it had a record number of orders and deliveries in 2013.

The Seattle-based aerospace company revealed it delivered 648 commercial aircraft in 2013, which marks a 7.8% improvement from 2012, and had 5,080 unfilled orders at the end of 2013, which marked a 16% increase from 2012. Boeing booked 1,531 gross commercial orders in 2013, a 14% increase from 2012.

Boeing's 737 deliveries also climbed 6% and 777 deliveries soared 18%. The company had some struggles with its 787 Dreamliner early in 2013, but the deliveries still rose 41% and unfilled orders went up 14.6%. Sixteen Boeing customers, including Japan's All Nippon Airways and United Continental (UAL), currently have Dreamliners in their fleets.

"With solid execution on our numerous production rate increases, the Boeing team performed extremely well in 2013," Boeing Commercial Airplanes President and CEO Ray Conner said in a statement.

TheStreet Ratings team rates Boeing as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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 analysis by TheStreet Ratings Team goes as follows:

  • BA's revenue growth has slightly outpaced the industry average of 9.6%. Since the same quarter one year prior, revenues rose by 10.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has significantly increased by 75.93% to $2,808.00 million when compared to the same quarter last year. In addition, BOEING CO has also vastly surpassed the industry average cash flow growth rate of 19.29%.
  • 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 77.33% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • BOEING CO has improved earnings per share by 11.9% 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 ($6.73 versus $5.12).
  • The net income growth from the same quarter one year ago has exceeded that of the Aerospace & Defense industry average, but is less than that of the S&P 500. The net income increased by 12.2% when compared to the same quarter one year prior, going from $1,032.00 million to $1,158.00 million.
  • You can view the full analysis from the report here: BA Ratings Report

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