Boeing (NYSE:BA) continued losses for seven straight sessions as the stock closed 0.12% lower at $214.77 on Wednesday.
The company lost nearly 6.3% in the last six trading sessions. BA is down 7.4% over the past one month. The stock closed 0.34% lower, at $215.02 on Tuesday.
As per the Seeking Alpha’s Quant Ratings, BA has a Hold rating with a score of 3.04 out of 5. The company received an A for growth and B for momentum, but a D- grade in valuation and profitability and D+ in revisions dragged down the rating.
Seeking Alpha author Dhierin Bechai rated BA as Buy, highlighting that the company continues to see strong momentum in airplane orders and deliveries, with August orders driven by wide-body models like the 777X and Dreamliner.
“Despite certification and production challenges, BA’s improving delivery flows and robust backlog signal ongoing customer confidence and operational progress,” added Bechai.
Seeking Alpha analysts are also bullish and rated BA as Buy.
Turning to the Wall Street community, 20 out of 26 analysts gave BA a Buy and above rating and six analysts have given the stock a Hold recommendation, while no one recommended Sell or below.
BA’s shares have gained over 22% so far this year, compared to a 12.6% gain in the broader benchmark index.