[at Wall St. Cheat Sheet] – Boeing has teamed up with Gogo Inc. to evaluate the latter’s technologies for potential installation in the manufacturer’s commercial aircrafts.
Read more on this.
The Boeing Company (BA), valued at $90.75B, opened at $123.05.
Looking at the stock, its one day range is $121.92 to $123.45 with its 52-week range being $85.75 to $144.57.
BA shares are currently priced at 16.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.95x earnings multiple.
And for those looking to make a return holding the stock, the company pays shareholders $2.92 per share annually in dividends, yielding 2.30%.
According to a consensus of 20 analysts, the earnings estimate of $1.56 per share would be $0.17 worse than the year-ago quarter and a $0.21 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.38 is a $0.31 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 $20.64 Billion. If realized, that would be a 9.26% increase over the year-ago quarter.
More recently, Oppenheimer downgraded BA from Outperform to Perform (Nov 20, 2013). Previously, BB&T Capital Mkts upgraded BA from Hold to Buy.
With the above information in mind, readers should note that the average price target is $152.03, which is 23.55% above where the stock opened this morning.
Summary (NYSE:BA) : The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements, as well as provides related support services to the commercial airline industry. This segment also provides aviation services support, aircraft modifications, spares, training, maintenance documents, and technical advice to commercial and government customers. The Boeing Military Aircraft segment is involved in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems for the global strike and vertical lift, mobility, surveillance, and engagement. The Network & Space Systems segment is engaged in the research, development, production, and modification of electronics and information solutions; strategic missile and defense systems; space and intelligence systems; and space exploration products. The Global Services and Support segment offers a range of products and services comprising integrated logistics, including supply chain management and engineering support; maintenance, modification, and upgrades for aircraft; and training systems and government services, such as pilot and maintenance training. The Boeing Capital segment facilitates, arranges, structures, and provides financing solutions, such as equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease, and investments for its commercial airplanes customers. The Boeing Company was founded in 1916 and is based in Chicago, Illinois.
Tag Helper ~ Stock Code: BA | Common Company name: Boeing | Full Company name: The Boeing Company (NYSE:BA) .