Tigress Financial Reiterates “Buy” Rating for Boeing (NYSE:BA)

Boeing (NYSE:BAGet Free Report)‘s stock had its “buy” rating reissued by Tigress Financial in a report released on Monday, MarketBeat Ratings reports. They presently have a $275.00 price target on the aircraft producer’s stock. Tigress Financial’s target price suggests a potential upside of 25.79% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. JPMorgan Chase & Co. upped their target price on Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. BNP Paribas Exane assumed coverage on Boeing in a research note on Tuesday, November 18th. They set an “underperform” rating and a $150.00 price target on the stock. Citigroup assumed coverage on Boeing in a research note on Thursday, December 11th. They issued a “buy” rating and a $265.00 price objective for the company. Finally, Jefferies Financial Group set a $255.00 price objective on Boeing in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.92.

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Boeing Stock Up 0.6%

Shares of Boeing stock opened at $218.61 on Monday. Boeing has a 52 week low of $128.88 and a 52 week high of $242.69. The firm’s 50 day moving average is $202.13 and its two-hundred day moving average is $214.48. The firm has a market capitalization of $166.16 billion, a P/E ratio of -15.98 and a beta of 1.18.

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

Insider Activity at Boeing

In related news, SVP Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction on 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 transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wallace Advisory Group LLC lifted its position in shares of Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after acquiring an additional 44 shares during the period. Aspire Capital Advisors LLC increased its stake in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares in the last quarter. Lantz Financial LLC raised its holdings in Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after purchasing an additional 46 shares during 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 purchasing an additional 46 shares in the last quarter. Finally, N.E.W. Advisory Services LLC grew its holdings in Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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Boeing Company Profile

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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.

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