FMP
Sep 22, 2023 4:18 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
CFRA analysts downgraded Boeing (NYSE:BA) from Buy to Hold and reduced the price target from $253 to $210 per share. The analysts cited several quality control issues in the aerospace industry that are expected to have some impact on Boeing's delivery schedule. The expected loss per share for 2023 has been increased by $2.39 to -$3.29, and the earnings per share estimate for 2024 has been lowered by $0.63 to $5.39.
While Boeing aims to deliver 50 of its 737 planes per month by 2025-2026, the analysts noted that the current guidance remains below early 2019 levels, and Boeing's stock is currently trading at a higher valuation than it was in early 2019. Nevertheless, CFRA maintains a positive long-term outlook for aircraft demand, estimating that approximately 76% of the global fleet from 2022 will need replacement by 2042.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...