Here's Why Boeing Is A 'Buy'
ValueWalk | Jun 19, 2017 02:49PM ET
The Boeing Co. (NYSE:BA) is one of the world’s major aerospace firms. The company operates in three principal segments: commercial airplanes military aircraft and missiles, and space and communications.
We continue coverage of the airline industry today with the latest news on Boeing. The Paris Air Show is now underway and as part of the big hype surrounding the event, Boeing has introduced a new aircraft, the 737 Max 10.
The latest version of this venerable aircraft is designed to compete with the Airbus 321neo. The 737 Max10 can carry up to 230 passengers and Boeing has already booked orders for more than 240 of the planes.
The plane features CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays, and other improvements designed to lower seat costs and increase profits for airlines.
Bolstering this segment should be good for Boeing since it was lacking a competitor to the Airbus offering at the top of the single-aisle aircraft market.
h3 Today’s Boeing Data/h3ValuEngine continues its BUY recommendation on BOEING for 2017-06-16. Based on the information we have gathered and our resulting research, we feel that BOEING has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Sharpe Ratio.
| ValuEngine Forecast | ||
| Target Price* |
Expected Return |
|
| 1-Month | 197.46 | 0.52% |
| 3-Month | 198.35 | 0.97% |
| 6-Month | 206.60 | 5.17% |
| 1-Year | 208.61 | 6.20% |
| 2-Year | 226.46 | 15.28% |
| 3-Year | 241.51 | 22.94% |
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