Cowen & Co. analyst Cai Rumohr maintained a Hold rating on Boeing (BA) on January 7 and set a price target of $225.00. The company’s shares closed last Thursday at $209.91.
According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 6.9% and a 61.8% success rate. Rumohr covers the Technology sector, focusing on stocks such as Raytheon Technologies, Smith & Wesson Brands, and Science Applications.
The word on The Street in general, suggests a Hold analyst consensus rating for Boeing with a $227.69 average price target.
See today’s analyst top recommended stocks >>
Based on Boeing’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.14 billion and GAAP net loss of $449 million. In comparison, last year the company earned revenue of $19.98 billion and had a net profit of $1.17 billion.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.
Read More on BA:
