Tigress Financial Increases Boeing (NYSE:BA) Price Target to $305.00

Boeing (NYSE:BA) had its target price raised by equities research analysts at Tigress Financial from $295.00 to $305.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aircraft producer’s stock. Tigress Financial’s target price points to a potential upside of 30.94% from the company’s current price.

Several other research analysts have also recently commented on BA. Royal Bank Of Canada cut their price target on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. UBS Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, July 29th. Btg Pactual set a $260.00 price target on shares of Boeing in a report on Tuesday, July 14th. Citigroup raised their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $300.00 in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.00.

Boeing Price Performance

Shares of NYSE:BA traded down $7.26 during trading on Thursday, hitting $232.93. 1,621,270 shares of the stock were exchanged, compared to its average volume of 6,848,608. The company has a market cap of $184.10 billion, a PE ratio of 100.99 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The company has a fifty day moving average price of $220.10 and a two-hundred day moving average price of $223.64. Boeing has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.24) earnings per share. On average, analysts forecast that Boeing will post -0.88 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently modified their holdings of BA. Revolve Wealth Partners LLC acquired a new position in Boeing during the 4th quarter worth approximately $201,000. Sivia Capital Partners LLC raised its position in Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares during the last quarter. AXA S.A. boosted its position in Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after buying an additional 32,041 shares during the period. Ieq Capital LLC grew its position in shares of Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after buying an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Boeing by 4.2% during the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after buying an additional 53,736 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.