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Market Update (NYSE:BA): Boeing wins U.S. Army helicopter deal worth $1.5 billion

[Reuters] – Boeing Co on Thursday said it had won a U.S. Army contract valued at about $1.5 billion to remanufacture 117 AH-64D Apache helicopters to the new AH-64E model. The agreement brings the total number of … Read more on this. The Boeing Company (BA) , valued at $86.73B, opened at $131.50. Looking at today’s market, BA one day range is $130.53 to $131.95 with the price of the stock fluctuating between $102.10 to $154.37 over the last 52 weeks. BA shares are currently priced at 15.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.93x earnings multiple. The company pays shareholders $4.36 per share in dividend income per year, for a current yield of 3.41%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.83 per share, which would be $0.14 worse than the year-ago quarter and a $0.36 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.47, which would be a $0.75 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.69 Billion. If realized, that would be a 2.08% decrease over the year-ago quarter. Recently, Canaccord Genuity downgraded BA from Buy to Hold (Mar 3, 2016). Previously, Buckingham Research upgraded BA from Underperform to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $137.95, which is 4.90% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: 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 Market Update: The Boeing Company (NYSE:BA) – Alcoa wins supply agreement with Boeing
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