In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Boeing (BA), with a price target of $445. The company’s shares closed yesterday at $316.13.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.1% and a 57.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $420, implying a 32.9% upside from current levels. In a report issued on December 3, Robert W. Baird also reiterated a Buy rating on the stock with a $450 price target.
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Based on Boeing’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $25.15 billion and net profit of $2.36 billion. In comparison, last year the company earned revenue of $24.31 billion and had a net profit of $1.85 billion.
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