NEW YORK (TheStreet) -- Shares of Boeing Co. (BA) - Get Report closed down by 0.04% to $148.17 on Thursday afternoon, despite the possibility of receiving an order for 30 Boeing B787-9 jets from Hainan Airlines valued at $7.7 billion according to the list prices, Reuters reports.

Hainan Airlines is China's fourth largest carrier and said it is planning on placing the order for the Boeing aircrafts as it looks to expand its international routes and break into the increasing demand for overseas travel from China.

This would be the biggest order this year for the jet and will boost the aircraft maker's 787 program backlog to 855 planes, Reuters added.

The 787 is Boeing's most advanced plane, Reuters said, adding that the 787-9 is a stretched version added last year with seating for 280 passengers and a range of 8,300 nautical miles.

Separately, TheStreet Ratings team rates BOEING CO 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, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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 0.4%. Since the same quarter one year prior, revenues slightly increased by 2.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
• Powered by its strong earnings growth of 25.46% and other important driving factors, this stock has surged by 26.07% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
• BOEING CO has improved earnings per share by 25.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BOEING CO increased its bottom line by earning $7.40 versus $5.97 in the prior year. This year, the market expects an improvement in earnings ($8.45 versus $7.40).
• The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Aerospace & Defense industry average. The net income increased by 18.9% when compared to the same quarter one year prior, going from $1,233.00 million to $1,466.00 million.
• The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Aerospace & Defense industry and the overall market, BOEING CO's return on equity significantly exceeds that of both the industry average and the S&P 500.
• You can view the full analysis from the report here: BA Ratings Report