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

Tigress Financial reiterated their buy rating on shares of Boeing (NYSE:BAFree Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $275.00 price objective on the aircraft producer’s stock.

Other equities research analysts also recently issued reports about the stock. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and upped their price objective for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Loop Capital set a $223.00 price target on Boeing in a research report on Monday, November 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, BNP Paribas Exane began coverage on shares of Boeing in a report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $234.92.

View Our Latest Research Report on BA

Boeing Stock Performance

Shares of Boeing stock opened at $217.34 on Monday. The stock has a market capitalization of $165.20 billion, a PE ratio of -15.89 and a beta of 1.18. 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 price of $202.11 and a two-hundred day moving average price of $214.36.

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

Insider Transactions at Boeing

In other Boeing news, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the purchase, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares in the company, valued at approximately $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 insiders.

Institutional Investors Weigh In On Boeing

Several large investors have recently made changes to their positions in BA. Sherman Porfolios LLC bought a new position in shares of Boeing in the 3rd quarter valued at about $768,000. AIA Group Ltd increased its stake in Boeing by 31.4% during the third quarter. AIA Group Ltd now owns 28,333 shares of the aircraft producer’s stock worth $6,115,000 after acquiring an additional 6,768 shares during the last quarter. Harbour Investment Management LLC purchased a new stake in Boeing during the third quarter valued at approximately $223,000. FNY Investment Advisers LLC raised its position in Boeing by 112.8% during the third quarter. FNY Investment Advisers LLC now owns 11,557 shares of the aircraft producer’s stock valued at $2,494,000 after purchasing an additional 6,127 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its stake in shares of Boeing by 6.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,646 shares of the aircraft producer’s stock valued at $355,000 after purchasing an additional 98 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

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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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