Boeing’s bailout bill may not save the company from dipping lower in upcoming months
Boeing Co(BA) currently trades at $162.86 and has fallen by 11% in the past 24 hours. Boeing remains confident the 737 MAX will fly again in the months to come. That being said, Boeing officially has a backlog of more than 4,300 orders. However, the airline industry has changed a lot since those orders were placed. Travel demand has all but evaporated due to the pandemic. Delta Air Lines, for example, predicted that second-quarter revenue will fall by 80% year over year.
Based on this information, investorsQ rates this stock an 4 out of 10. We give it this rating because Boeing remains a challenged company with a suspended dividend, and management still has a lot on their plate in the months to come. The high forecast for Boeing Co is $440 and the low is $95. Notably, the company’s market cap is $91.22 billion with a 52 week high of $398.66 and a 52 week low of $89.