Market Update (NYSE:BA): Chinese airline orders 110 Boeing jets

[AAP] – China’s biggest airline says it’s buying more than a hundred Boeing 737 jets in a deal worth about $US10 billion ($A13.87 billion) just months after the US plane-maker announced plans to build a Chinese finishing plant for the aircraft type. China Southern Airlines is buying 30 Boeing 737 Next Generation jets and 50 737 Max aircraft, the company said in a statement to the Hong Kong stock exchange on Thursday. Its Xiamen Airlines unit is buying 30 of Boeing’s 737 Max jets. Read more on this. The Boeing Company (BA) , currently valued at $99.86B, started trading this morning at $148.85. During today’s session, BA traded between $142.27 to $149.34 with a one year range of $115.14 to $158.83. BA shares are currently priced at 17.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 36.33x earnings multiple. The company pays shareholders $3.64 per share annually in dividends, yielding 2.55%. According to a consensus of 18 analysts, the earnings estimate of $2.16 per share would be $0.15 worse than the year-ago quarter and a $0.16 sequential decrease. Investors should also note that the full-year EPS estimate of $8.25 is a $0.35 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.40 Billion. If reported, that would be a 4.37% decrease over the year-ago quarter. In terms of ratings, Standpoint Research Initiated BA at Buy (Aug 26, 2015). Previously, JP Morgan Initiated BA at to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $162.83, which is 9.39% above where the stock 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 Company Update (NYSE:BA): Boeing wins $898 million contract for 15 EA-18G fighter jets Market Update (NYSE:BA): Cyber missions could fuel Boeing EA-18G orders: U.S. Navy chief