Market Update (NYSE:BA): The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of The Boeing Company Investors, Investors With Over $1 million In Boeing Investment Losses Are Encouraged To Contact The Firm.
February 29, 2016 at 10:30 AM EST
[Business Wire] – Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased The Boeing Company securities between February 9, 2012 and February 11, 2016, inclusive . Read more on this. The Boeing Company (BA) , currently valued at $79.10B, opened this morning at $118.12. Looking at today’s trading action, the company’s one day range from $117.50 to $119.45 with the price of the stock fluctuating between $102.10 to $156.91 over the last 52 weeks. BA shares are currently priced at 13.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 40.95x earnings multiple for the same period. And for passive income investors, the company pays shareholders $4.36 per share annually in dividends, yielding 3.73%. 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 $0.33 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.49 would be a $0.77 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.91 Billion. If reported, that would be a 1.08% decrease over the year-ago quarter. In terms of ratings, Buckingham Research upgraded BA from Underperform to Neutral (Feb 18, 2016). Previously, JP Morgan downgraded BA from Overweight to Neutral. The average price target for BA shares by the analysts covering the stock is $141.00, which is 19.37% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: 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 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: Biogen Idec Inc (NASDAQ:BIIB) – The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Biogen, Inc. Investors