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 $489.8 million.
  • BA traded 22,119 shares today in the pre-market hours as of 7:42 AM.
  • BA is up 4.3% today from yesterday's close.

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More details on BA:

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The stock currently has a dividend yield of 3.3%. BA has a PE ratio of 18. Currently there are 9 analysts that rate Boeing a buy, 2 analysts rate it a sell, and 6 rate it a hold.

The average volume for Boeing has been 4.2 million shares per day over the past 30 days. Boeing has a market cap of $85.0 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 1.26 and a short float of 5.1% with 8.44 days to cover. Shares are down 8.1% 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 revenue growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • BA's revenue growth has slightly outpaced the industry average of 0.8%. Since the same quarter one year prior, revenues slightly increased by 2.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • 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.
  • Net operating cash flow has significantly increased by 1298.86% to $1,231.00 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 -4.57%.
  • BOEING CO' earnings per share from the most recent quarter came in slightly below the year earlier quarter. 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 increased its bottom line by earning $7.44 versus $7.40 in the prior year. This year, the market expects an improvement in earnings ($8.50 versus $7.44).
  • Reflecting the weaknesses we have cited, including the decline in the company's earnings per share, BA has underperformed the S&P 500 Index, declining 7.92% from its price level of one year ago. Looking ahead, although the push and pull of the overall market trend could certainly make a critical difference, we do not see any strong reason stemming from the company's fundamentals that would cause a continuation of last year's decline. In fact, the stock is now selling for less than others in its industry in relation to its current earnings.

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