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Stock Update: The Boeing Company (NYSE:BA) – Boeing Celebrates Grand Opening of 777X Composite Wing Center

[PR Newswire] – The facility, located on the north side of the main final assembly building, will manufacture the world’s largest composite wings for the 777X, the company’s newest commercial jetliner, and sustain thousands of Puget Sound area jobs. Boeing has invested more than $1 billion in the Everett site for construction and outfitting of the new building. “Today’s event is bigger than celebrating the opening of a magnificent new building,” said Boeing Commercial Airplanes President and CEO Ray Conner. Read more on this. The Boeing Company (BA) , valued at $81.19B, opened this morning at $129.13. Looking at the equity, the company’s one day range is $127.23 to $129.28 with a one year range of $102.10 to $150.59. Boeing (BA) shares are currently priced at 15.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 27.85x earnings multiple for the same period. And for passive income investors, the company pays shareholders $4.36 per share annually in dividends, yielding 3.25%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $2.14 per share, which would be $0.52 better than the year-ago quarter and a $0.02 sequential increase. What we find to be interesting is that the full-year EPS estimate of $8.47 is a $0.75 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.22 Billion. If reported, that would be a 5.38% decrease over the year-ago quarter. Recently, BofA/Merrill downgraded BA from Neutral to Underperform (Apr 20, 2016). Previously, Canaccord Genuity downgraded BA from Buy to Hold. With the above information in mind, readers should note that the average price target is $145.94, which is 13.02% 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 Company Update: The Boeing Company (NYSE:BA) – UTC Aerospace Systems and Boeing celebrate the first flight of the 737 MAX
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