5 Best Airline Stocks To Buy Today

2. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 59

The Boeing Company (NYSE:BA) is a Chicago-based aerospace company that ranks second on the list of 10 best airline stocks to buy today. The Boeing Company (NYSE:BA) manufactures commercial jets as well as military aircraft. In September, the US Army granted the aerospace and defense firm a $391 million deal for up to five CH-47F renew planes.

Shares of The Boeing Company (NYSE:BA) climbed 4.2% on July 28 after the aviation company reported solid Q2 results bagging a revenue of $17 billion, an increase of 44% year over year.

In the second quarter, revenue from its commercial aviation unit increased by 268% year over year to $6.02 billion. The stock gained 35% in the past twelve months.

Of the 873 elite funds tracked by Insider Monkey, 59 were long The Boeing Company (NYSE:BA) at the end of June. New York-based hedge fund Beech Hill Partners increased its stake in The Boeing Company (NYSE:BA) by 1% to 5,612 shares worth $1.23 million.

On September 29, Bernstein analyst Douglas Harned upgraded The Boeing Company (NYSE:BA) to Outperform from Market Perform and increased his price target for the stock to $279 from $252, citing a positive outlook about the company’s position in the market as global travel resumes.