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Company Update (NYSE:BA): Boeing, Air Austral Celebrate Delivery of Airline’s First 787 Dreamliner

[PR Newswire] – SAINT-DENIS, Reunion Island, May 24, 2016 /PRNewswire/ — Boeing and Air Austral are celebrating the delivery of the carrier’s first Boeing 787 Dreamliner. The newest addition to the Air Austral … Read more on this. The Boeing Company (BA) , with a current market cap of $81.22B, started the session at $127.76. During today’s session, BA traded between $126.32 to $128.81 with the price of the stock fluctuating between $102.10 to $150.59 over the last 52 weeks. Priced at 15.06x this year’s forecasted earnings, BA shares are relatively inexpensive compared to the industry’s 24.87x forward p/e ratio. And for income investors, the company pays shareholders $4.36 per share annually in dividends, yielding 3.42%. 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. The full-year EPS estimate is $8.47 which would be a $0.75 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $23.22 Billion. If realized, that would be a 5.38% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill downgraded BA from Neutral to Underperform (Apr 20, 2016). Previously, Canaccord Genuity downgraded BA from Buy to Hold. The average price target for BA shares by the analysts covering it is $145.94, which is 14.23% above where the stock opened. See more in (NYSE:BA) Similar Articles: Company Update (NYSE:BA): Boeing, Air Europa Celebrate Delivery of the Airline’s First 787 Dreamliner Company Update: The Boeing Company (NYSE:BA) – UTC Aerospace Systems and Boeing celebrate the first flight of the 737 MAX Company Update: The Boeing Company (NYSE:BA) – Boeing says China Postal Airlines orders 10 737-800 converted freighters
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