Company Update: The Boeing Company (NYSE:BA) – Boeing says China Postal Airlines orders 10 737-800 converted freighters

[Reuters] – U.S. aircraft maker Boeing Co has signed a deal to supply 10 737-800 passengers jets converted into freighters to cargo carrier China Postal Airlines. Boeing said in a statement that the Chinese airline also agreed to buy seven Boeing 757-200 passenger jets, which it will convert into freighters, as part of a deal signed on Tuesday. The U.S. aerospace firm has yet to launch a formal programme to convert older 737-800 passenger jets into freighters. Read more on this. The Boeing Company (BA) , valued at $98.40B, opened this morning at $147.98. A quick look at the market, the company’s stock traded between $146.72 and $148.61 with a one year range of $115.14 to $158.83. Boeing (BA) shares are currently priced at 17.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.63x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.64 per share annually in dividends, yielding 2.52%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.16 per share, which would be $0.15 worse than the year-ago quarter and a $0.16 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.25, which would be a $0.35 worse 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 $23.40 Billion. If realized, that would be a 4.37% decrease over the year-ago quarter. More recently, Standpoint Research Initiated BA at Buy (Aug 26, 2015). Previously, JP Morgan Initiated BA at to Overweight. Given all the information above, we should disclose to readers that the average price target is $162.83, which is 10.04% above than it opened this morning. See more in (NYSE:BA) Similar Articles: Stock Update: The Boeing Company (NYSE:BA) – Boeing Business Jets Announces Four New BBJ MAX 8 Orders Stock Update (NYSE:BA): EXIM saga risks Boeing jet orders – Ethiopian Airlines Company Update: The Boeing Company (NYSE:BA) – China Eastern orders 50 Boeing planes in $4.6 bn deal