Boeing (BA) Receives a Rating Update from a Top Analyst
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Khanna is a top 25 analyst with an average return of 17.4% and a 73.09% success rate. Khanna covers the Industrials sector, focusing on stocks such as Boeing, Booz Allen, and ATI.
Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $220.95, implying a 2.42% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $245.00 price target.
The company has a one-year high of $218.80 and a one-year low of $128.88. Currently, Boeing has an average volume of 9.13M.
Based on the recent corporate insider activity of 39 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. Last month, Brendan J. Nelson, the SVP, President, Boeing Global of BA sold 640.00 shares for a total of $132,019.20.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Can Bangladesh Still Score a ‘Hail Mary' Tariff Deal?
It's crunch time for Bangladesh. The South Asian nation, which is facing an additional 35 percent tariff on all imports to the United States come Aug. 1., has requested that the office of the U.S. Trade Representative schedule a third and final round of negotiations to potentially strike a better deal. More from Sourcing Journal Denim Mills Say Clients Are Taking a More Measured Approach to Seasonal Sourcing Asian Nations Seek Global Free Trade Agreements to Ward Off US Tariff Impacts US and EU Inch Toward Tariff Deal It comes as Muhammad Yunus's interim government delivered a position to the USTR outlining a robust package of concessions to narrow the $6.2 billion deficit and ease trade tensions. Besides promises to reduce duties on several U.S. goods, such as gas turbines and semiconductors, officials in Dhaka have agreed to buy an annual 700,000 metric tons of American wheat over the next five years and 14 Boeing aircraft. It's Bangladesh's hope that these measures will result in more favorable terms for critical products such as apparel, which makes up 85 percent of the country's exports and accounts for the majority of shipments to the United States, its largest trading partner after the European Union. Of the 1,300 cut-and-sew facilities affiliated with the Bangladesh Garment Manufacturers and Exporters Association, the trade group better known as the BGMEA, 100 are entirely dependent on U.S. orders. But more than half face differing, if often significant, degrees of exposure through brands such as Calvin Klein, Gap Inc., JCPenney, Kohl's and Walmart. With Vietnam facing a low 20 percent tariff rate, the sector fears ceding its competitiveness to an opponent with which it has long battled for the title of the world's second-largest clothing exporter after China. But Bangladesh's reliance on garment exports could also result in knock-on effects for the country's broader economy. Moody's predicts that the tariff shock could exacerbate problems facing an already brittle banking system, such as poor asset quality and low capital buffers. Bangladesh's sovereign credit rating could also be downgraded as a consequence. 'We have requested them to schedule the next meeting within the coming week, any day from Sunday onward,' Commerce Secretary Mahbubur Rahman told New Age. 'If the USTR confirms a date, a delegation led by Commerce Adviser Sheikh Bashir Uddin will leave for Washington.' The BGMEA has also ramped up efforts to hire U.S. lobbyists to plead Bangladesh's case in Washington, following criticism that the interim government isn't doing enough to secure a better rate. Even so, progress has been slow because the most influential firms are already representing other countries, said BGMEA president Mahmud Hasan Khan. 'Those directly involved in negotiations were, informally, very confident, but [then] we began hearing whispers that the USTR is not the ultimate decision-maker. It is, in fact, the Trump administration that holds the authority. Why did it take us so long to realize this?' he told the Financial Express. 'Now, we are facing resistance even within our board. Many members are discouraging us from getting involved at this late stage, fearing the negotiations will fail. Why should we bear the burden of failure?' Bangladesh could still leverage a number of strategies, according to a report that the Centre for Policy Dialogue published Wednesday. It could, for instance, consider signing a bilateral free trade agreement with the United States, though this is something that will need to be approached with 'due caution and care,' the Dhaka-based think tank said. It could also strengthen its intellectual property rights to assuage American concerns, allow dedicated warehouses for storage of U.S. cotton or assist in financing U.S. cotton imports with deferred payment facilities. No less than everything is currently at stake. 'The telltale signs of the adverse impacts of US-RTs are already visible,' the report said, referring to the United States' so-called 'retaliatory' tariffs. 'Work orders have started to be stalled and some major apparel brands and buyers are taking a wait-and-see stance in view of the emergent uncertainties and in anticipation of what transpires over the coming weeks.' Many enterprises will find it difficult to bear the additional burden at a time when energy, gas and other input costs have 'been on the rise' in Bangladesh, hiking up the general cost of doing business in the country, the Centre for Policy Dialogue said. 'Particularly, small-size exporters to the U.S. could find the situation unsustainable. Many exporters will likely try to shift to the EU and other traditional markets, resulting in more intense competition in those markets and a downward pressure on export prices.' And while a shift to new, non-traditional markets is possible, this will take time, it added. In all likelihood, the report said, exporters linked with the U.S. market 'are in for a very rough ride in the near to mid-term future.' A.K. Azad, managing director of Ha-Meem Group, which owns more than two dozen garment factories, echoed the desperation. He said that a major client told him that the Bangladeshi government's stance is 'weak' and 'unlikely to yield favorable results.' Another buyer said that if the 35 percent tariff figure goes through, suppliers like him would be expected to absorb it—a tall order for companies that run, at most, at profit margins of between 1.2 and 1.5 percent. 'In my 40 years in business, I've never seen such a crisis in the export sector,' he told the Financial Express. 'We, the business community, have brought this sector to an honorable position, but now we are disappointed and frustrated.'
Yahoo
2 hours ago
- Yahoo
Durable Goods Orders Contract in June
Friday's pre-market futures are in the green at this hour, though a little choppy. One new economic report and a handful of Q2 earnings releases ahead of the opening bell are perhaps having some impact, but over the past week of trading — which has been positive across the board — we're seeing a bit of moderation at or near all-time Dow is +55 points at this hour, while the S&P 500 is +8 points and the Nasdaq +6. The small-cap Russell 2000 is +8 points currently. Over the past five days of trading, we're up anywhere from a half a point (Nasdaq) to +1% (S&P 500). Off April 9 lows — the day President Trump pressed pause on his massive tariff policy — we're +16% on the Dow, +23% on the S&P 500, +29% on the Nasdaq and +22% on the Russell 2000. Durable Goods Swing Negative, As Expected Durable Goods Orders for June reached -9.3% in this morning's latest preliminary report, better than the -11.1% analysts had projected. This follows a slightly upwardly revised +16.5% for May, which was basically the result of Boeing BA having filled 300+ aircraft orders. Ex-transportation, this number swings to a positive: +0.2%, following an upwardly revised +0.6% ex-aircraft — a proxy for 'normal' business infrastructure spending — also swung to a negative: -0.7%, from May's +2.0%. Shipments doubled expectations to +0.4%, down from +0.5% the previous month. Aside from Boeing, we may see these Durable Goods Orders as a reflection on how business spending attempts to play the ever-shifting tariff policy. Q2 Earnings Show Big Beats, Misses: PSX, AN, CNC Oil refiner Phillips 66 PSX posted a significant earnings beat in its Q2 report out this morning: $2.38 per share amounted to a +43.37% positive surprise from the $1.66 estimated. Revenues of $33.52 billion also trounced expectations, +9.75%. As a result, Phillips 66 shares are up +2.7% in the early market, now up double digits year to date. AutoNation AN also notably surpassed estimates in its Q2 numbers ahead of the open: earnings of $5.46 per share was +16.17% ahead of the Zacks consensus $4.70 per share. Revenues of $6.97 billion for the auto retailer beat projections by +2.6%. Shares are also up +2.7% in early trading this Friday, adding to its +18% year to date. On the other side of Q2 earnings results, insurance service provider Centene CNC swung to a big miss on its Q2 earnings this morning: -$0.16 per share from +$0.68 anticipated, for a -123.5% miss on the company's bottom line. A 'shifting landscape' for Medicaid and Medicare was cited in Centene's letter to shareholders. Revenues, however, outpaced estimates by +11% to $48.74 billion in the quarter. Shares are trading up +5% at this hour, but are still down -50% year to date. What to Expect from the Market Next Week Earnings season ramps up to a new level next week, where 'Mag 7' companies like Microsoft MSFT, Apple AAPL and Amazon AMZN post quarterly results. We'll also get a new Fed meeting — the last til this autumn — but even though some voting members now advocate cutting interest rates, it is widely expected the Fed will keep rates at +4.25-4.50%, where they've been all year. Next week is also Jobs Week, even as the first day of August comes a week from today (sometimes these reports shift back a week). JOLTS, ADP private-sector payrolls and Friday's all-important BLS Employment Situation report will all hit the tape. Revisions to prior months will be key: ADP for June posted negative -33K jobs created, while the BLS showed +147K. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
6 hours ago
- Yahoo
Jim Cramer Says 'Get more Boeing'
The Boeing Company (NYSE:BA) is one of the stocks that Jim Cramer shared thoughts on. When a caller mentioned that they have a position in the stock, Cramer commented: 'Get more Boeing. Get more Boeing. They report this week. I think it's going to be a terrific quarter. Let the stock come in. If it comes in down, let's say it comes to $220, here's what you want to do: [buy, buy, buy] Pull the trigger.' Pixabay/Public Domain Boeing (NYSE:BA) designs and produces commercial aircraft, defense systems, satellites, and space exploration technologies. Additionally, the company provides maintenance, logistics, training, and digital services for both commercial and defense sectors. During the July 9 episode, Cramer said that the 'stock's going much higher.' He remarked: 'Let me give you another one many missed. Boeing just announced some huge second-quarter deliveries, and deliveries are the chief determinant of its stock price. The company delivered 150 planes, up from 92 a year ago. Fantastic. They booked 427 orders, up from 241 in just the previous quarter. If you paid attention, I bet that most didn't, you could have caught a 14-point move that was there for the taking. But who was thinking about Boeing? I think the stock's going much higher by the way.' While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
