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Stock Update (NYSE:BA): Boeing CEO says sales at risk due to U.S. Ex-Im paralysis

[Reuters] – Boeing Co is on the verge of losing sales due to the lack of a quorum on the U.S. Export-Import Bank, a situation that prevents it from providing financing for sizeable transactions, Chief Executive Officer Dennis Muilenburg said on Thursday. The Senate Banking Committee should allow a vote on an EXIM board appointment, Muilenburg said at the trade-finance agency’s annual conference in Washington. The appointment has been held up for months, leaving only two board members, not enough to approve loans or guarantees of more than $10 million, which effectively blocks deals for Boeing and power equipment maker General Electric Co. Read more on this. The Boeing Company (BA) , valued at $83.93B, began trading this morning at $127.00. During today’s session, BA traded between $126.62 to $128.94 with a trailing 52-week range being $102.10 to $155.50. BA shares are currently priced at 15.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.91x forward p/e ratio. And for passive income investors, the company pays shareholders $4.36 per share annually in dividends, yielding 3.45%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.82 per share, which would be $0.15 worse than the year-ago quarter and a $0.37 sequential decrease. The full-year EPS estimate is $8.50, which would be a $0.78 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.81 Billion. If reported, that would be a 1.53% decrease over the year-ago quarter. Recently, Canaccord Genuity downgraded BA from Buy to Hold (Mar 3, 2016). Previously, Buckingham Research upgraded BA from Underperform to Neutral. The average price target for BA shares by the analysts covering the stock is $137.95, which is 8.62% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Stock Update: The Boeing Company (NYSE:BA) – SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in The Boeing Company of Class Action Lawsuit and Upcoming Deadline – BA Stock Update: The Boeing Company (NYSE:BA) – FAA orders checks on fuel valves in Boeing planes Stock Update: The Boeing Company (NYSE:BA) – Boeing Business Jets Announces Four New BBJ MAX 8 Orders
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