Will Boeing Stock Go Down?

Will Boeing stock drop?

Boeing Stock Not A Buy

Boeing 737 Max jets are still grounded, and U.S. airlines have taken the jet off their schedules well into 2020. After an epic free fall, BA stock rebounded a bit but is falling again, and shares are well below their 50-day and 200-day lines.

Why did Boeing stock go down?

Shares of Boeing (NYSE:BA) fell 9% on Wednesday morning on reports the company is planning a full drawdown of a $13.8 billion loan it secured last month. Even if the move is only precautionary, it speaks to the precarious situation Boeing finds itself in as global travel wanes due to COVID-19 coronavirus fears.

Is it a good time to invest in Boeing?

For all of its issues and the dramatic decline in share price in recent weeks, Boeing is not a particularly cheap stock. The company’s enterprise value is 14.56 times expected earnings, well above the multiples of other large industrials with a significant aerospace business.

Is Boeing stock a buy or sell?

Style Scorecard

Zacks RankDefinitionAnnualized Return
1Strong Buy24.47%

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