Boeing (NYSE:BA) Price Target Raised to $290.00

Boeing (NYSE:BA) had its price target increased by JPMorgan Chase & Co. from $270.00 to $290.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the aircraft producer’s stock.

A number of other analysts also recently weighed in on the stock. Citigroup increased their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Robert W. Baird set a $300.00 price target on shares of Boeing in a research report on Wednesday. Btg Pactual set a $260.00 price objective on shares of Boeing in a research report on Tuesday, July 14th. Wells Fargo & Company initiated coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Finally, Tigress Financial boosted their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.11.

Boeing Stock Down 1.9%

Shares of NYSE:BA opened at $216.64 on Wednesday. The firm has a market cap of $171.23 billion, a P/E ratio of 93.78 and a beta of 1.21. Boeing has a 12-month low of $176.77 and a 12-month high of $254.35. The business has a fifty day simple moving average of $219.14 and a 200 day simple moving average of $223.92. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the firm posted ($1.24) EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts predict that Boeing will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Boeing

Institutional investors and hedge funds have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new stake in Boeing in the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing in the 4th quarter worth $26,000. CrossGen Wealth LLC bought a new position in shares of Boeing in the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at $27,000. Institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s commercial-airplane recovery remains the key catalyst. Reports indicate accelerating deliveries, with the company targeting as many as 600 commercial aircraft in 2026 and forecasting $1 billion to $3 billion in cash flow. Stronger deliveries could improve liquidity and help convert backlog into earnings and free cash flow. Boeing’s Delivery Pace Is Finally Accelerating Boeing’s recovery momentum surges with $24.6B revenue in Q2
• Positive Sentiment: Boeing has offered a new contract to roughly 17,000 commercial-airplane engineers and technical workers, and union negotiators have endorsed the proposal. A successful agreement could reduce the risk of another labor disruption affecting production and deliveries. Boeing sends contract offer to engineers union
• Positive Sentiment: JPMorgan raised its Boeing price target to $290, signaling greater confidence in the recovery outlook, although target changes are analyst opinions rather than guarantees. JPMorgan boosts Boeing price target
• Neutral Sentiment: Coverage portrays Boeing as rebuilding customer and investor trust after years of safety and execution problems. The longer-term opportunity is significant, but the company still must demonstrate sustained profitability and operational consistency. The return of Boeing, and the long road to restore their reputation
• Neutral Sentiment: RBC lowered its Boeing price target to $265, contrasting with JPMorgan’s increase and highlighting disagreement among analysts about the pace and reliability of the turnaround. RBC lowers Boeing price target
• Negative Sentiment: A Government Accountability Office report found that Boeing’s $21 billion B-52 modernization program is already experiencing cost increases and schedule delays. Further overruns could pressure margins and raise concerns about execution in Boeing’s defense business. Boeing’s $21 billion B-52 upgrade faces cost overruns
• Negative Sentiment: WestJet has begun parking Boeing 737 aircraft while negotiations with flight attendants remain unresolved. A strike or other labor disruption could temporarily reduce aircraft utilization and delay deliveries or related revenue, adding to Boeing’s broader labor and production risks. WestJet starts parking Boeing 737 jets

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.