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Market Update (NYSE:BA): Boeing Defense, Space & Security CEO Caret to Speak at Deutsche Bank Global Industrials and Materials Summit June 8

[PR Newswire] – CHICAGO, May 25, 2016 /PRNewswire/ — Boeing Executive Vice President and Defense, Space & Security President and Chief Executive Officer Leanne Caret will speak at the Deutsche Bank Global … Read more on this. The Boeing Company (BA) , currently valued at $82.21B, opened at $128.00. Looking at today’s market, BA one day range is $127.37 to $129.45 with a one year range of $102.10 to $150.59. Priced at 15.05x this year’s forecasted earnings, BA shares are relatively inexpensive compared to the industry’s 24.87x forward p/e ratio. The company pays shareholders $4.36 per share annually in dividends, yielding 3.42%. According to a consensus of 15 analysts, the earnings estimate of $2.14 per share 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 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. Recently, 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 the stock is $145.94, which is 14.02% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Market Update: The Boeing Company (NYSE:BA) – SpaceX breaks Boeing-Lockheed monopoly on military space launches Market Update: The Boeing Company (NYSE:BA) – Boeing Commercial Airplanes Vice President of Marketing Tinseth to Speak at Bank of America Merrill Lynch Conference on March 16 Market Update (NYSE:BA): Morning Analysis on Aerospace/Defense Products & Services Stocks – United Technologies, The Boeing, General Dynamics, and Lockheed Martin
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