NEW YORK (

TheStreet

) --

Boeing Company

(NYSE:

BA

) hit a new 52-week high Tuesday as it is currently trading at $75.83, above its previous 52-week high of $75.74 with 2.6 million shares traded as of 1:01 p.m. ET. Average volume has been five million shares over the past 30 days.

Boeing has a market cap of $55.5 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 12.1% year to date as of the close of trading on Monday.

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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 company has a P/E ratio of 16.9, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Boeing as a

buy

. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Boeing Ratings Report

.

See all

52-week high stocks

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