Boeing (BA) Receives a Rating Update from a Top Analyst

In a report released yesterday, Ronald Epstein from Bank of America Securities maintained a Buy rating on Boeing, with a price target of $270.00. The company’s shares closed yesterday at $230.44.

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Epstein covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and Northrop Grumman. According to TipRanks, Epstein has an average return of 21.8% and a 69.17% success rate on recommended stocks.

Boeing has an analyst consensus of Strong Buy, with a price target consensus of $278.17, which is a 20.71% upside from current levels. In a report released on February 19, 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 58 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, Ann M Schmidt, the SVP, Chief Com & Brand Officer of BA sold 6,281.00 shares for a total of $1,528,606.97.