Boeing Firing on all Cylinders

Boeing Company

The Boeing Company (NYSE:BA) shares are just 5.8% away from its 52-week high, now trading comfortably above $70 per share.  Thanks to a flood of good news, the big story being that Boeing just landed a $35 billion contract for a new-generation aerial refueling tanker.

CO. Current Price Target Price % Change
BA $ 71.80 $ 85.00 18.4%
BA $ 71.80 $ 83.00 15.6%

The analysts are jumping on-board, including a thumbs-up from Deutsche Bank (NYSE:DB) last week. On Feb 25th Deutsche increased their price target from $83 to $85 and have a "Buy" rating on Boeing shares.  Boeing Co (BA) shares have traded between $59.48 and $76 over the past 12 months.  Boeing shares are now trading with a P/E Ratio of 16.1 and EPS of 4.44. and finished trading Friday at $71.80, up 0.13% or 9 cents.

The mighty Goldman Sachs (NYSE:GS) also has a "Buy" rating on Boeing, along with a $83 price target.  Taking into consideration both Goldman and Deutsche makes for an attractive "Buy" implying at least a 15% increase from Friday's closing price.

More good news from Boeing was delivered yesterday when the company announced 10 more 777 orders for a total of 10 to bring the year-to-date total to 19 jets. With the new orders posted Thursday, Boeing's order tally through March 1 sits at 17 net orders. The company has taken 55 gross orders but recorded 38 cancellations, including two 737s added Thursday.

Just another reason why Boeing shares are flying high and could yet reach another 52-week high.

Via the AP:




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