Cowen & Co. Keeps a Buy Rating on Boeing

By Carrie Williams

Cowen & Co. analyst Cai Rumohr reiterated a Buy rating on Boeing (NYSE: BA) today and set a price target of $215. The company’s shares closed last Friday at $180.76, close to its 52-week high of $187.21.

Rumohr commented:

“This weekend’s Saudi mega announcement included no apparent firm orders and.”

According to, Rumohr is a 4-star analyst with an average return of 10.4% and a 68.1% success rate. Rumohr covers the Industrial Goods sector, focusing on stocks such as American Outdoor Brands Corp, United Technologies Corp, and General Dynamics Corp.

Boeing has an analyst consensus of Moderate Buy, with a price target consensus of $190.

Based on Boeing’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $20.98 billion and quarterly net profit of $1.45 billion. In comparison, last year the company earned revenue of $22.63 billion and had a net profit of $1.22 billion.

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Timothy John Keating, the SVP, Government Operations of BA sold 32,500 shares for a total of $5,996,575.

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