[PR Newswire] – SEATTLE, May 27, 2014 /PRNewswire/ — Boeing (BA) today announced that it is acquiring AerData Group B.V., which provides integrated software solutions for lease management, engine fleet planning and records management. Based in the Netherlands, AerData also provides technical services for aircraft and engine operators, lessors, and maintenance, repair and overhaul companies. “AerData’s tools make it easier for airlines and leasing companies to manage complex maintenance records,” said Stan Deal, senior vice president of Commercial Aviation Services, Boeing Commercial Airplanes. “Increasing the efficiency of records management helps streamline the process of placing airplanes and other valuable assets with operators during leasing transactions.
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The Boeing Company (BA), with a current value of $97.60B, opened this morning at $133.09.
During today’s session, BA traded between $132.87 to $133.88 with the price of the stock fluctuating between $96.31 to $144.57 over the last 52 weeks.
Priced at 17.33x this year’s forecasted earnings, BA shares are relatively inexpensive compared to the industry’s 19.18x forward p/e ratio.
And for dividend hunters, the company pays shareholders $2.92 per share annually in dividends, yielding 2.20%.
Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.98 per share, which would be $0.31 better than the year-ago quarter and a $0.14 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $7.64 would be a $0.57 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 $22.47 Billion. If realized, that would be a 2.98% increase over the year-ago quarter.
In terms of ratings, Oppenheimer downgraded BA from Outperform to Perform (Nov 20, 2013). Previously, BB&T Capital Mkts upgraded BA from Hold to Buy.
When considering if perhaps the stock is under or overvalued, the average price target is $153.91, which is 15.64% 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.
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