After Morgan Stanley and UBS gave Boeing (NYSE: BA) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Cai Rumohr maintained a Buy rating on Boeing today and set a price target of $460. The company’s shares opened today at $348.62.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.1% and a 69.4% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Spirit AeroSystems.
Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $436.73, a 25.3% upside from current levels. In a report issued on June 4, UBS also maintained a Buy rating on the stock with a $500 price target.
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Boeing’s market cap is currently $195.6B and has a P/E ratio of 19.86. The company has a Price to Book ratio of 1564.77.
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