According to a Reuters’ consensus, of the 26 analysts tracking Boeing (BA) stock, eight analysts (30.8%) gave “strong buy” recommendations. Another 11 analysts (42.3%) tracking the stock gave “buy” recommendations. The remaining seven analysts (26.9%) gave “hold” ratings. None of the analysts tracking the stock gave “sell” or “strong sell” ratings on the stock.
Only two analysts raised the target price for Boeing after its investor day. Cowen & Co. raised its target price to $445 from $430. Jefferies raised its target price to $410 from $400.
Berenberg had raised its target price before Boeing’s investor day to $430.00 from its previous target price of $415.00.
Boeing’s consensus 12-month target price is $412.60, which indicates a 17.5% return potential on its September 6 closing price of $345.70. Analysts have slightly raised their target price to $403.70. On September 10, Boeing’s highest target price was $515.00, and its lowest price target was $334.00.
Analysts’ 12-month target prices for BA’s peers are as follows:
- United Technologies (UTX): $152.10 with a 15.8% return potential
- Lockheed Martin (LMT): $377.10 with a 14.9% return potential
- General Dynamics (GD): $236.10 with a 12.5% return potential
- Rockwell Collins (COL): $133.20 with a -3.3% return potential
- Raytheon (RTN): $237.20 with an 18.3% return potential
Investors can get exposure to Boeing through the SPDR Dow Jones Industrial Average ETF (DIA), which holds ~9.0% of its portfolio in BA.