Analysts Think Boeing Co (BA) Is Ready to Takeoff

Boeing Co (NYSE:BA) is getting the attention of the Wall Street. The company has increased its dividend no less than 14 times over the past 25 years. The stock has a dividend yield of about 2.4%. The company’s civilian aircraft business is rising on the back of skyrocketing travel traffic. According to an estimate, about 7.2 billion passengers are expected to travel in 2035, double the amount recorded in 2016.

Boeing will also benefit from the geopolitical situation in Asia Pacific. President Trump has requested a 10% defense budget hike in 2018, which would result in more defense contracts. Boeing will also be a major benefactor of the upcoming tax cuts program. The stock has already gained about 54% so far this year.

For this year Boeing 's revenue will be around 91,9 billion USD. This is according to the average of the analysts' estimates. This is slightly lower than 2016's revenue of 94,57 billion USD.

Historical revenues and results Boeing plus estimates 2017

stock analysis

The analysts anticipate for 2017 a record net profit a 6,2 billion USD. For this year most of the analysts expect a profit per share of 9,99 USD. Based on this the price/earnings-ratio is 24,92.

Per share the analysts expect a dividend of 5,64 USD per share. Thus the dividend yield equals 2,27 percent. The average dividend yield of the aerospace & defense companies equals a poor 0,43 percent.

Newest target prices around 262 USD

The most recent recommendations for the aerospace & defense company are from ER Capital, Argus Research Company and Canacord Adams.

Boeing 's market capitalization is around 165,99 billion USD.

On Friday the stock closed at 249 USD.

Historical stock prices Boeing

stock analysis boeing

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