Boeing Shares: The Diamond in the Rough
Boeing Co. (BA) is doing all it can to keep U.S. equities from falling into the red on the usual European madness.
Boeing shares are up 1.6% and trading at $68. Boeing booked a record $18 billion order over the weekend, you would think that would move the stock more than 2%? However as it stands today BA shares are still 19% away from their 52-week high.
Citigroup (C) gave Boeing shares the thumbs up today with a 'Buy' rating. They also set a $78 price target on Boeing.
If you picked up shares today that would imply at 15% return but the deal gets sweater as Goldman Sachs (GS) has a $88 price target on Boeing shares.
|CO.||Current Price||Price Target||% Change|
|BA||$ 68.02||$ 78.00||14.7%|
|BA||$ 68.02||$ 88.00||29.4%|
For once Goldman and Citi could be right on this call, its time to review BA shares while they still trade at a 13 P/E Ratio premium.
The Boeing Company (Boeing) is an aerospace company. Boeing is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services.