Company Update (NYSE:BA): Boeing set to win $2.9 billion contract from UK MoD: the Telegraph

[Reuters] – The MoD has decided to give Boeing a 50-aircraft contract, including servicing, and the announcement could come as early as July, the newspaper said. Italian aerospace manufacturer Leonardo Finmeccanica SpA (LDOF.MI) had been a contender for the contract, the Telegraph said. U.S. planemaker Boeing is offering the helicopters at a lower price by tacking them on to the end of a larger Apache order from the US military, the paper added. Read more on this. The Boeing Company (BA) , with a current value of $82.31B, started the session at $128.96. Today’s price range has been between $128.83 and $129.70 per share with a one year range of $102.10 to $150.59. BA shares are currently priced at 15.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.92x earnings multiple for the same period. The company pays shareholders $4.36 per share annually in dividends, yielding 3.37%. According to a consensus of 15 analysts, the earnings estimate of $2.14 per share would be $0.52 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $8.49 which would be a $0.77 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.22 Billion. If reported, that would be a 5.38% decrease over the year-ago quarter. Recently, BofA/Merrill downgraded BA from Neutral to Underperform (Apr 20, 2016). Previously, Canaccord Genuity downgraded BA from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $145.94, which is 13.17% 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 (NYSE:BA): Boeing and SPEEA Announce Tentative Agreement on New Contract Extension