[Reuters – UK Focus] – NEW YORK (Frankfurt: HX6.F – news) , Feb 24 (Reuters) – General Electric Co said on Monday a problem reported with a Boeing Co (NYSE: BA – news) 787 Dreamliner operated by Air India did not involve its aircraft engines, refuting an earlier report. The report in the Times of India earlier on Monday quoted an Air India official as saying there was a “problem with the engine and some of its blades have broken.” Boeing declined to comment, referring questions to Air India. Air India did not respond to a request for comment.
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The Boeing Company (BA), with a current value of $96.81B, started trading this morning at $128.38.
Shares have traded today between $128.36 and $130.80 per share and has traded between $75.03 and $144.57 over the past 12 months.
Boeing (BA) shares are currently priced at 17.38x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.06x earnings multiple for the same period.
The company pays shareholders $2.92 per share in dividend income per year, for a current yield of 2.30%.
In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $1.58 per share, which would be $0.15 worse than the year-ago quarter and a $0.19 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.38 is a $0.31 better 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 $21.21 Billion. If realized, that would be a 12.28% increase over the year-ago quarter.
Recently, Oppenheimer downgraded BA from Outperform to Perform (Nov 20, 2013). Previously, BB&T Capital Mkts upgraded BA from Hold to Buy.
The average price target for BA shares by the analysts covering it is $152.64, which is 18.90% above where the stock opened.
The Boeing Company (NYSE:BA), together with its subsidiaries, engages in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide.
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