Market Update (NYSE:BA): Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 21, 2016 / Park Lane Advisor has initiated coverage on the following equities: United Technologies Corporation (NYSE: UTX), The Boeing Company (NYSE: BA), General Dynamics … Read more on this. The Boeing Company (BA) , currently valued at $83.40B, started trading this morning at $122.77. Today, shares have traded between $121.54 and $124.90 per share and has traded between $115.14 and $158.83 over the past 12 months. BA shares are currently priced at 14.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.35x forward p/e ratio. And for dividend hunters, the company pays shareholders $4.36 per share annually in dividends, yielding 3.46%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.13 per share, which would be $0.18 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $8.22 is a $0.38 setback 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 $23.64 Billion. If realized, that would be a 3.39% decrease over the year-ago quarter. In terms of ratings, Standpoint Research upgraded BA from Hold to Buy (Jan 14, 2016). Previously, Wells Fargo downgraded BA from Outperform to Market Perform. Given all the information above, we should disclose to readers that the average price target is $164.00, which is 33.58% above than it opened this morning. See more in (NYSE:BA) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – Lockheed-Boeing venture orders 20 more Russian rocket engines Company Update: The Boeing Company (NYSE:BA) – Boeing eyes defense services business as key for growth Market Update (NYSE:BA): Boeing, Lockheed Martin Protest Air Force Bomber Contract Award