What's Going On With Boeing Stock Now?

Boeing Company BA shares are trading lower Wednesday, and the stock is down more than 5% over the past five days. Here's a look at what to know.

What To Know:

Boeing's troubles continued Tuesday as new safety concerns came to light from whistleblower and Boeing engineer, Sam Salehpour. Salehpour claims that the fuselage sections on 787 Dreamliners are improperly fastened together and could break apart mid-flight. 

The U.S. Senate Permanent Subcommittee on Investigations will hold a hearing next Wednesday to examine Boeing's safety culture, including Salehpour's claims. 

Stifel analyst Bert Subin maintained Boeing with a Buy rating and lowered the price target from $270 to $260 on Wednesday. A more drastic price target reduction came from Morgan Stanley analyst Kristine Liwag who maintained an Equal-Weight rating and lowered the price target from $235 to $180.

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Will BA Stock Go Up?

When trying to assess whether or not Boeing will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $241.10 on Boeing. The Street high target is currently at $279 and the Street low target is $180. Of all the analysts covering Boeing, 14 have positive ratings, 7 have neutral ratings and no one has negative ratings.

In the last month, 17 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Boeing have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Boeing is down 17.89% year-to-date. The average analyst price target suggests the stock could have further upside ahead.

For a broad overview of everything you need to know about Boeing, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

BA Price Action: According to Benzinga Pro, Boeing shares are down 2.48% at $173.70 at the time of publication Wednesday.

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