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Stock Update (NYSE:BA): Boeing wins $668 million defense contract -Pentagon

[Reuters] – Boeing was awarded a $668 million undefinitized fixed-price-incentive, foreign military sales contract for Qatar for 24 AH-64E Apache helicopters, 1 Longbow crew trainer, ground support equipment and Thales … Read more on this. The Boeing Company (BA) , valued at $84.04B, started the session at $132.41. Today, shares have traded between $131.82 and $133.39 per share with a one year range of $102.10 to $150.59. BA shares are currently priced at 15.54x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.94x earnings multiple. 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. In looking at the bigger picture, the full-year EPS estimate of $8.49 would be a $0.77 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. With the above information in mind, readers should note that the average price target is $148.06, which is 11.82% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Stock Update (NYSE:BA): Boeing wins $3.2 billion U.S. defense contract -Pentagon Market Update (NYSE:BA): Boeing wins contract for 11 P-8A aircraft Market Update: The Boeing Company (NYSE:BA) – Boeing wins contract to build new Air Force One presidential jets
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