Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $149.27 on Boeing Co (NYSE:BA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.31 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Boeing Co (NYSE:BA) stands at 23.14.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Boeing Company (The) Common Sto, the PEG ratio for coming 3-5 years is 1.89.
The technical analysis highlights that Boeing Company (The) Common Sto current is trading $-4.31 points away or -3.25% from its 50-day moving average of $132.84. Further it is trading $-1.52 or -1.17% away its 200-day moving average of $130.05.
The 52-week high of Boeing Co (NYSE:BA) was $150.59 while lowest point recorded in 52-week was $102.10. It implies if stock price makes a movement of over $-22.06, it will record a new 52-week high. In the case of +25.89% drop, it will touch a new 52-week low.
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