Is Boeing Company (BA) Getting Ready for a Comeback?

Boeing Company rose 1.8% during the afternoon session to $193.97 per share. As reported by Barrons: "Boeing finished out 2022 strong and the new year is looking up, causing one analyst to hike his price target on the shares. He's calling the stock a top pick for 2023. Baird analyst Peter Arment raised his price target on Boeing shares to $250 from $210. "Blowout" deliveries in December was a big ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals:

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2021-12-31 -3,416 -980 -4,396 77.7
2020-12-31 -18,410 -1,303 -19,713 -347.31
2019-12-31 -2,446 -1,961 -4,407 n/a
Date Reported Revenue ($ MM) Cost of Revenue ($ MM) Gross Margins (%) YoY Growth (%)
2021-12-31 62,286 59,269 4.84 149.49
2020-12-31 58,158 63,843 -9.78 -267.75
2019-12-31 76,559 72,093 5.83 n/a
Date Reported Total Revenue ($ MM) Operating Expenses ($ MM) Operating Margins (%) YoY Growth (%)
2021-12-31 62,286 6,406 -5.44 75.63
2020-12-31 58,158 7,293 -22.32 -541.38
2019-12-31 76,559 7,128 -3.48 n/a

At today's price of $193.97 per share, Boeing Company is -1.84% away from its target price of $197.6, and on average, analysts give the stock a rating of buy. 1.5% of the company's shares are linked to short positions, and 58.2% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.