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Boeing (BA) Receives a Buy from RBC Capital

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RBC Capital analyst Kenneth Herbert maintained a Buy rating on Boeing (BAResearch Report) today and set a price target of $275.00. The company’s shares closed last Tuesday at $216.94.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 22.2% and a 65.3% success rate. Herbert covers the Technology sector, focusing on stocks such as Virgin Galactic Holdings, Spirit AeroSystems, and Transdigm Group.

Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $269.07, representing a 28.7% upside. In a report issued on January 4, Jefferies also maintained a Buy rating on the stock with a $300.00 price target.

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Based on Boeing’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $15.28 billion and GAAP net loss of $109 million. In comparison, last year the company earned revenue of $14.14 billion and had a GAAP net loss of $466 million.

Based on the recent corporate insider activity of 41 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.

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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