Tigress Financial Issues Positive Forecast for Boeing (NYSE:BA) Stock Price

Key Points

• Tigress Financial raised Boeing’s price target from $295 to $305 and maintained a “buy” rating, implying roughly 31% upside from the stock’s $232.93 price.
• Analyst sentiment remains broadly positive: Boeing has a “Moderate Buy” consensus rating and an average price target of $273, with several firms recently reiterating or upgrading their recommendations.
• Boeing’s latest quarter showed revenue growth of 8% year over year to $24.56 billion, but adjusted EPS of negative $0.76 missed expectations; the company also continues to carry significant leverage, with a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA - Get Free Report) had its target price hoisted by Tigress Financial from $295.00 to $305.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the aircraft producer's stock. Tigress Financial's target price suggests a potential upside of 30.94% from the stock's current price.

A number of other brokerages have also weighed in on BA. William Blair restated an "outperform" rating on shares of Boeing in a research report on Tuesday, July 28th. Btg Pactual set a $260.00 price objective on shares of Boeing in a research note on Tuesday, July 14th. Robert W. Baird set a $300.00 target price on Boeing in a research report on Wednesday, July 29th. UBS Group restated a "buy" rating on shares of Boeing in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane raised shares of Boeing from an "underperform" rating to an "outperform" rating and upped their target price for the stock from $230.00 to $300.00 in a research note on Monday. One research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $273.00.

Boeing Price Performance

NYSE BA traded down $7.26 during trading on Thursday, hitting $232.93. 1,621,270 shares of the company's 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. Boeing has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. 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 stock's 50 day moving average price is $220.10 and its two-hundred day moving average price is $223.64.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. During the same quarter in the previous year, the company posted ($1.24) EPS. Boeing's revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts expect that Boeing will post -0.88 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares of the company's stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boeing

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Purus Wealth Management LLC boosted its stake in Boeing by 3.6% during the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer's stock worth $256,000 after purchasing an additional 41 shares during the last quarter. West Wealth Group LLC lifted its holdings in Boeing by 0.6% during the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer's stock worth $1,581,000 after buying an additional 42 shares in the last quarter. XML Financial LLC increased its holdings in Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer's stock worth $1,933,000 after purchasing an additional 43 shares during the period. Global Financial Private Client LLC boosted its position in shares of Boeing by 1.1% during the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer's stock worth $874,000 after acquiring an additional 44 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in Boeing by 1.6% in the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer's stock valued at $615,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

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.

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