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Company Update: The Boeing Company (NYSE:BA) – UTC Aerospace Systems and Boeing celebrate the first flight of the 737 MAX

[PR Newswire] – CHARLOTTE, N.C., Feb. 1, 2016 /PRNewswire/ — UTC Aerospace Systems and Boeing (NYSE: BA) today celebrated the first flight of the 737 MAX 8 — the first member of Boeing’s efficient 737 MAX family — which … Read more on this. The Boeing Company (BA) , valued at $80.09B, began trading this morning at $119.64. Today, shares have traded between $118.65 and $120.30 per share with a one year range of $115.02 to $158.83. BA shares are currently priced at 13.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.53x earnings multiple. And for dividend hunters, the company pays shareholders $4.36 per share annually in dividends, yielding 3.63%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.91 per share, which would be $0.06 worse than the year-ago quarter and a $0.28 sequential decrease. The full-year EPS estimate is $8.67 which would be a $0.95 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.05 Billion. If reported, that would be a 0.45% decrease over the year-ago quarter. In terms of ratings, Standpoint Research upgraded BA from Hold to Buy (Jan 14, 2016). Previously, Wells Fargo downgraded BA from Outperform to Market Perform. With the above information in mind, readers should note that the average price target is $151.94, which is 27.00% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – Boeing, Cathay Pacific Airways Celebrate Milestone 70th 777 Delivery 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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