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Company Update: The Boeing Company (NYSE:BA) – Pomerantz Law Firm Announces the Filing of a Class Action Against The Boeing Company and Certain Officers – BA

[GlobeNewswire] – NEW YORK, Feb. 22, 2016– Pomerantz LLP announces that a class action lawsuit has been filed against The Boeing Company and certain of its officers. The class action, filed in United States District Court, … Read more on this. The Boeing Company (BA) , with a current market cap of $78.12B, opened this morning at $116.55. Today, shares have traded between $116.03 and $118.97 per share with the price of the stock fluctuating between $102.10 to $156.91 over the last 52 weeks. BA shares are currently priced at 13.56x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x earnings multiple for the same period. And for passive income investors, the company pays shareholders $4.36 per share annually in dividends, yielding 3.79%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.84 per share, which would be $0.13 worse than the year-ago quarter and a $0.35 sequential decrease. The full-year EPS estimate is $8.49, which would be a $0.77 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.91 Billion. If realized, that would be a 1.08% decrease over the year-ago quarter. Recently, Buckingham Research upgraded BA from Underperform to Neutral (Feb 18, 2016). Previously, JP Morgan downgraded BA from Overweight to Neutral. Given all the information above, we should disclose to readers that the average price target is $142.89, which is 22.60% above than it opened this morning. See more in (NYSE:BA) Similar Articles: Stock Update: The Boeing Company (NYSE:BA) – SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Boeing Company – BA Stock Update: The Boeing Company (NYSE:BA) – Boeing Business Jets Announces Four New BBJ MAX 8 Orders Market Update: The Boeing Company (NYSE:BA) – Boeing tanker plane makes first flight
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