Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Boeing (NYSE: BA) today and set a price target of $430. The company’s shares closed yesterday at $341.12.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 17.5% and a 72.9% 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 Moderate Buy and the average price target is $395, representing a 15.8% upside.
In a report issued on June 5, Credit Suisse also maintained a Buy rating on the stock with a $455 price target.
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Based on Boeing’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $23.38 billion and net profit of $2.47 billion. In comparison, last year the company earned revenue of $20.98 billion and had a net profit of $1.45 billion.
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