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Stock Update: The Boeing Company (NYSE:BA) – FAA orders checks on fuel valves in Boeing planes

[Reuters] – The U.S. Federal Aviation Administration ordered checks on fuel valves on a wide range of Boeing Co aircraft to ensure they are safe and replace affected valves that could cause possible fuel tank explosions. … Read more on this. The Boeing Company (BA) , valued at $79.47B, opened at $119.01. During the trading session, BA traded between $118.25 to $120.99 with a one year range of $102.10 to $156.91. Boeing (BA) shares are currently priced at 13.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 42.78x earnings multiple for the same period. And for passive income investors, the company pays shareholders $4.36 per share annually in dividends, yielding 3.69%. 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. When considering if perhaps the stock is under or overvalued, the average price target is $141.00, which is 18.48% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – Lockheed-Boeing venture orders 20 more Russian rocket engines Stock Update: The Boeing Company (NYSE:BA) – Boeing Business Jets Announces Four New BBJ MAX 8 Orders Market Update (NYSE:BA): Cyber missions could fuel Boeing EA-18G orders: U.S. Navy chief
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