Bernstein Reaffirms Their Buy Rating on Boeing (BA)

Bernstein analyst Adrien Rabier maintained a Buy rating on Boeing today and set a price target of $298.00.

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Rabier covers the Industrials sector, focusing on stocks such as Rheinmetall, SAFRAN SA, and MTU Aero Engines. According to TipRanks, Rabier has an average return of 2.1% and a 77.78% success rate on recommended stocks.

In a report released on February 11, Jefferies also maintained a Buy rating on the stock with a $295.00 price target.

Based on Boeing’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $23.95 billion and a net profit of $8.22 billion. In comparison, last year the company earned a revenue of $15.24 billion and had a GAAP net loss of $3.87 billion

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year. Earlier this month, Howard E McKenzie, the Chief Engineer & EVP, ET&T of BA sold 10,496.00 shares for a total of $2,455,959.04.