#3 - Boeing (NYSE:BA)
Next on our list of defense stocks is Boeing (NYSE:BA). And quite frankly, this is a company that can use good news no matter where it comes from. BA stock has been in a three-year tailspin that began with the 737 Max issues and continued with the pandemic shutdown of commercial airlines. And even as commercial air travel is expected to return, the company is facing the impact of sharply higher fuel costs.
But Boeing does have exposure to the defense industry. In fact, approximately 39% of the company’s fourth quarter 2021 revenue and 42% of the company’s full-year revenue came from the defense industry. The company continues to manufacture the military’s F/A-18 and F-15 fighter aircraft and just received the first order in what may be a $23 billion contract to build F-15EX fighters.
Analysts give BA stock a 51% upside with a $261.89 price target. One area for investors to watch will be if institutional investors begin to flow back into BA stock. For the last two years, investment has been flat.
About Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
Read More - Current Price
- $190.12
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $220.33 (15.9% Upside)
