Boeing (NYSE:BA) shares were on track for their seventh consecutive session of gains on Thursday, jumping about 7% over that period.
The aircraft maker rose 0.69% to $252.64 by 1326 ET, hovering near its March 2021 highs. Overall, the stock has gained about 28.41% since the start of the year, outperforming the S&P 500, which gained 23.09% over the same period.
Looking at Seeking Alpha’s Quant Ratings, Boeing has a Hold rating, with a score of 3.24 out of 5. The Arlington, Virginia-based company receives an A+ and an A- on profitability and momentum, but is graded a D- on valuation.
Turning to the Wall Street community, 24 analysts gave the company a Buy or higher rating, while another six recommended the stock as a Hold.
Seeking Alpha analysts generally saw the stock as a Buy. SA Analyst The Asian Investor endorsed the company as a Buy, noting a favorable economic climate that supports an investment in Boeing, along with an improving operating margin trend.
“I believe the macro picture still supports an investment in Boeing as the company could add to its backlog of aircraft orders next year as the travel industry is projected to surpass the 2019 passenger travel volume record,” the analyst said.
The month of November saw 17 sessions in green and four in red.