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Market Update: The Boeing Company (NYSE:BA) – Boeing to pay $12 mln to settle U.S. enforcement cases -FAA

[Reuters] – Boeing Co’s commercial airplane unit will pay $12 million and enhance its compliance systems in a settlement with U.S. regulators to resolve multiple enforcement cases, the Federal Aviation Administration … Read more on this. The Boeing Company (BA) , currently valued at $94.51B, started trading this morning at $141.72. A quick look at the market, the company’s stock traded between $140.50 and $142.06 with the price of the stock fluctuating between $115.14 to $158.83 over the last 52 weeks. Boeing (BA) shares are currently priced at 17.08x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 43.45x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $3.64 per share annually in dividends, yielding 2.61%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.16 per share, which would be $0.15 worse than the year-ago quarter and a $0.16 sequential decrease. The full-year EPS estimate is $8.25, which would be a $0.35 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.39 Billion. If reported, that would be a 4.41% decrease over the year-ago quarter. Recently, Wells Fargo downgraded BA from Outperform to Market Perform (Dec 18, 2015). Previously, Standpoint Research Initiated BA at to Buy. Investors should keep in mind is that the average price target is $163.58, which is 15.42% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – Boeing pays $18 million to settle false claims allegations: Justice Department Market Update: The Boeing Company (NYSE:BA) – Boeing tanker plane makes first flight Market Update: The Boeing Company (NYSE:BA) – Chemical mix-up likely to delay first flight of Boeing tanker-sources
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