5 Best Airline Stocks to Buy Now

1. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 51

The Boeing Company (NYSE:BA) designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, and more. The company is based in Chicago, Illinois.

An Overweight rating was reiterated on The Boeing Company (NYSE:BA) by Kristine Liwag, an analyst at Morgan Stanley, on September 27. The analyst also has a $233 price target on the stock.

This September, The Boeing Company (NYSE:BA) reported 35 airplane deliveries in August. This represented a rise from a five-month low of 26 aircraft deliveries in July.

In the second quarter, 51 hedge funds were long The Boeing Company (NYSE:BA). Their total stake value was $1.5 billion.

Meridian Funds, managed by ArrowMark Partners, mentioned The Boeing Company (NYSE:BA) in its second quarter 2022 investor letter. Here’s what it said:

“We similarly remained invested in largely out-of-favor The Boeing Company (NYSE:BA), a global leader in developing and producing commercial jet aircraft. Due to some self-inflicted wounds and a bit of bad luck, as well as dramatic declines in air travel early in the pandemic, investor sentiment for this company has simply been awful. As part of our contrarian thinking, however, we view the business as critical to global transportation needs and see multiple catalysts to improve sentiment. In addition to the current surge in air travel worldwide, ramped up production of the 737 MAX aircraft and the pending restart of 787 Dreamliner deliveries should help turn broader sentiment. Additionally, we anticipate a meaningful inflection in cash flow as Boeing starts delivering aircraft currently in storage as well as the eventual expansion of its production in both core platforms.”

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