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Stock Update (NYSE:BA): Boeing Supports ICAO Aircraft CO2 Emissions Standard

[PR Newswire] – “Boeing commends the International Civil Aviation Organization (ICAO) Committee on Aviation Environmental Protection (CAEP) for reaching agreement on the first global standard for aircraft carbon-dioxide emissions. This standard represents more than six years of work by a group of international experts from ICAO member states, industry and non-governmental organizations. “Boeing is fully committed to meeting the new CO2 emissions standard announced by ICAO. Read more on this. The Boeing Company (BA) , valued at $79.64B, opened this morning at $120.71. Today, shares have traded between $117.25 and $121.33 per share and has traded between $115.02 and $158.83 over the past year. Boeing (BA) shares are currently priced at 14.44x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 42.68x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $4.36 per share annually in dividends, yielding 3.56%. According to a consensus of 16 analysts, the earnings estimate of $1.87 per share would be $0.10 worse than the year-ago quarter and a $0.32 sequential decrease. Investors should also note that the full-year EPS estimate of $8.49 is a $0.77 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.88 Billion. If realized, that would be a 1.22% 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. When considering if the stock is under or overvalued, the average price target is $148.17, which is 22.75% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Stock Update: The Boeing Company (NYSE:BA) – Boeing Business Jets Announces Four New BBJ MAX 8 Orders Stock Update: The Boeing Company (NYSE:BA) – Boeing rejects Aerojet Rocketdyne bid for ULA launch venture Company Update: The Boeing Company (NYSE:BA) – Boeing raises China 20-year aircraft demand, says outlook rosy
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