Boeing Reaches New 52-Week High (BA)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Boeing (NYSE: BA) hit a new 52-week high Tuesday as it is currently trading at $86.65, above its previous 52-week high of $86.49 with 1.3 million shares traded as of 10:30 a.m. ET. Average volume has been 6.5 million shares over the past 30 days.

Boeing has a market cap of $64.24 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 12.6% year to date as of the close of trading on Monday.

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 16.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. 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.

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