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Boeing Co: Last Month Stock Performance

|Includes: The Boeing Company (BA)

Boeing stock has gained more than 9% year-to-date and is expected to further increase by the end of the year.

According to reports, Boeing Co stock is most likely to escalate in the upcoming future, as the company was able to book significant amount of orders at the Paris Air Show, lately. The recent orders will ultimately cause increase in revenues in the present and next quarter. At the moment, Boeing stock is being is red by 0.40% and stood trading at $142.43.

On Thursday, almost 2.1 million stocks were traded, less than 3.7 million average volumes. The stock's performance is in-line with analysts' expectations and has yielded 9.58% of growth year to date. Analysts surveyed by Bloomberg are optimistic that the share price will reach $163 by the end of current year. Out of 26 analysts polled by Bloomberg, fifteen gave a Buy and nine assigned a Hold rating to the stock of the company.

Boeing announced its first quarter fiscal year 2015 financial results in April, missing the analysts' revenue expectations. The company posted $22.14 billion, missing revenue estimate by almost 1.73%. While, the company posted earnings of $1.97 per share, surpassing analysts' forecast by 9.32%

With the help of fresh orders, analysts are still optimistic and expect that Boeing will easily achieve $23.5 billion revenue mark in second quarter of fiscal year 2015. Moreover, the analysts expect that the company will post earnings of $2.07 per share. One major reason of missing revenue estimates was that the Boeing's military aircraft have lost grip, because of the lower United States government Defense spending.

Boeing also declared that Jim McNerney will be replaced by Dennis Muilenburg as the new Chief Executive Officer this week. However, the stock hasn't yet been impacted by the announcement.

The Air Show held in Paris has been an effective event for Boeing as the company booked altogether 331 orders of aircraft valued roughly at $50.2 billion. In spite of its efforts, the company was not able to surpass its competitor Airbus Group's orders at the show as it booked 421 orders. Boeing was on top in terms of most orders till the 4th day but Airbus declared on the final day that it had entered into a deal with Wizz Air to make 110 commercial aircrafts.

Majority of the orders received by the company at the Paris Air Show are for single aisle commercial small aircraft. Boeing Co. is presently facing problems with its jumbo jet sales as it was not able to get a single order during the event.