Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Boeing (BA) today and set a price target of $460.00. The company’s shares closed last Monday at $371.00.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 13.4% and a 70.1% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boeing with a $423.80 average price target, implying a 14.2% upside from current levels. In a report issued on October 1, Berenberg Bank also maintained a Buy rating on the stock with a $440.00 price target.
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Based on Boeing’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $15.75 billion and GAAP net loss of $2.94 billion. In comparison, last year the company earned revenue of $25.15 billion and had a net profit of $2.36 billion.
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