Boeing’s (BA) Buy Rating Reiterated at Tigress Financial

Boeing (NYSE:BA)‘s stock had its “buy” rating reissued by investment analysts at Tigress Financial in a report released on Monday,Benzinga reports. They currently have a $275.00 target price on the aircraft producer’s stock. Tigress Financial’s price objective suggests a potential upside of 27.11% from the company’s current price.

Other analysts have also issued research reports about the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $267.00 price target on shares of Boeing in a report on Friday, November 14th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Finally, Susquehanna decreased their price objective on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.92.

Boeing Trading Down 0.8%

NYSE BA opened at $216.34 on Monday. The stock has a market cap of $164.44 billion, a PE ratio of -15.81 and a beta of 1.18. Boeing has a 12 month low of $128.88 and a 12 month high of $242.69. The company’s 50-day moving average price is $202.10 and its 200-day moving average price is $214.26.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned ($10.44) EPS. As a group, sell-side analysts forecast that Boeing will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, SVP Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was acquired at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

Institutional investors and hedge funds have recently bought and sold shares of the company. Wallace Advisory Group LLC lifted its holdings in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC raised its position in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC lifted its stake in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares in the last quarter. Blue Barn Wealth LLC boosted its position in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after acquiring an additional 46 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its stake in Boeing by 3.1% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after acquiring an additional 46 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.