#2 - Boeing (NYSE:BA)
Boeing (NYSE: BA)– Boeing is another company that faces a threat from the tariffs being imposed on China. While the stock is up approximately 12 percent for the year, it has dipped 10 percent in the last month, resting at 12 percent below its 52-week high. Does this mean that an attractive stock that may have been overbought is now a better value? Or does this dip foreshadow the beginning of a more protracted selloff? These are the questions that seem to be dividing analysts and investors. Analysts point to Boeing’s strong fundamentals and shrug off the ramifications of the tariffs. But investors are wary. In response to a question about the tariffs in early August, Dennis Muilenberg, Chairman, President, and CEO of Boeing said in an interview “Global trade is extremely important to Boeing and its customers.” That may be an understatement considering that Boeing is the largest single exporter to China. This was on the heels of their announcement of second-quarter earnings and revenue that beat analysts’ expectations. However, their profit projection for 2018 fell below analysts’ estimates.
About Boeing
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 company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
Read More - Current Price
- $165.98
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $222.41 (34.0% Upside)
