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Boeing (BA) In the Running for ~$120B of Orders - Jefferies

June 28, 2022 8:40 AM EDT
Get Alerts BA Hot Sheet
Price: $165.04 -0.88%

Rating Summary:
    24 Buy, 10 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 53 | New: 12
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Jefferies analyst Shelia Kahyaoglu reiterated a Buy rating and $225.00 price target on Boeing (NYSE: BA) after tallying up the publicly announced pending aircraft orders and coming up with a tally of nearly 800 aircraft purchases that the company is in the running for.

The analyst stated "We tally the potential upcoming aircraft orders announced globally by airlines, with over 790 potential orders for a total value at list of more than $117BB. Year to date, we count gross orders of 600 across BA and Airbus, with net orders of 362 through May. We estimate total net orders of 800 in 2022, down modestly from 986 in 2021. Potential orders are 82% narrowbodies, with Airbus accounting for 24% and 25% to BA." Offering more detail, she stated ""Upcoming potential orders include up to 650 narrowbodies, 37 regional jets, and 105 widebodies. The 82% narrowbody mix compares to 66% of the total passenger fleet composed of narrowbodies today."

For an analyst ratings summary and ratings history on Boeing click here. For more ratings news on Boeing click here.

Shares of Boeing closed at $138.72 yesterday.



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