Boeing (NYSE:BA) Receives “Buy” Rating from Tigress Financial

Boeing (NYSE:BA)‘s stock had its “buy” rating reiterated by Tigress Financial in a research report issued on Monday,Benzinga reports. They currently have a $275.00 price objective on the aircraft producer’s stock. Tigress Financial’s target price would indicate a potential upside of 27.11% from the stock’s previous close.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research report on Thursday, October 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $267.00 price objective on shares of Boeing in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.92.

Boeing Trading Down 0.8%

Shares of BA opened at $216.34 on Monday. Boeing has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a 50 day moving average of $202.10 and a 200-day moving average of $214.26. The firm has a market cap of $164.44 billion, a price-to-earnings ratio of -15.81 and a beta of 1.18.

Boeing (NYSE:BA) last posted 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 business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted ($10.44) EPS. On average, sell-side analysts predict that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boeing

A number of institutional investors and hedge funds have recently bought and sold shares of BA. Sherman Porfolios LLC bought a new position in shares of Boeing in the third quarter worth about $768,000. AIA Group Ltd lifted its holdings in Boeing by 31.4% in the 3rd quarter. AIA Group Ltd now owns 28,333 shares of the aircraft producer’s stock worth $6,115,000 after purchasing an additional 6,768 shares in the last quarter. Harbour Investment Management LLC bought a new position in Boeing in the 3rd quarter worth approximately $223,000. FNY Investment Advisers LLC boosted its stake in Boeing by 112.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 11,557 shares of the aircraft producer’s stock worth $2,494,000 after purchasing an additional 6,127 shares during the period. Finally, Strategic Investment Solutions Inc. IL grew its holdings in Boeing by 6.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,646 shares of the aircraft producer’s stock valued at $355,000 after buying an additional 98 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

About Boeing

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.