The latest numbers are in for Boeing’s (NYSE:BA) aircraft deliveries, and once again, the government-imposed cap on its production was at no risk of being broken. Investors, however, were much more worried about going broke and sent the aerospace firm’s shares down nearly 3% in Tuesday afternoon’s trading.
Boeing is permitted to produce 38 737 MAX aircraft per month. And this represented a concern at the time, as back in November, it rolled out 45 per month. For July 2025, meanwhile, it was planning to reach 57 per month. But given the growing and downright unnerving array of issues that Boeing aircraft have been running into for the last several months, it’s small surprise that Boeing dialed back on those plans for ramped-up production.
In fact, Boeing delivered just 19 aircraft in its 737 line and 24 commercial jets overall in May. That’s pretty much exactly what it rolled out in April, and it was the lowest quantity rolled out in the last two years. Perhaps worse, it only recorded four orders for the month, as well as one cancellation.
Meanwhile, in Space
As for Starliner, which was regarded by some as being the hope for Boeing’s future, the news wasn’t quite so bad. The first Starliner mission has been extended and will go through June 18, allowing the crew time to stage a spacewalk while engineers complete a set of “systems checkouts.” After the series of mechanical errors that preceded the launch—and pushed its date back several times—it’s no real surprise that Boeing would want to give it some proper inspection.
Is Boeing Stock a Buy or Sell?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 17 Buys, seven Holds, and two Sells assigned in the past three months, as indicated by the graphic below. After a 16.49% loss in its share price over the past year, the average BA price target of $215.43 per share implies 16.39% upside potential.
