Boeing (BA): New Buy Recommendation for This Technology Giant

In a report released yesterday, Sheila Kahyaoglu from Jefferies assigned a Buy rating to Boeing (BAResearch Report), with a price target of $250.00. The company’s shares closed last Friday at $206.01.

Kahyaoglu covers the Technology sector, focusing on stocks such as Boeing, L3Harris Technologies, and Lockheed Martin. According to TipRanks, Kahyaoglu has an average return of 5.8% and a 60.05% success rate on recommended stocks.

In addition to Jefferies, Boeing also received a Buy from Robert W. Baird’s Peter Arment in a report issued on January 30. However, on February 3, RBC Capital downgraded Boeing (NYSE: BA) to a Hold.

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BA market cap is currently $123.2B and has a P/E ratio of -24.85.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BA in relation to earlier this year.

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.

Founded in 1916, The Boeing Co. is the world’s largest aerospace company, which manufactures and sells airplanes, rockets, satellites, human space flights and launch systems, and missiles worldwide. It also provides leasing and product support services. Its products include operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital.

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