Stock Update (NYSE:BA): Boeing Board Elects AT&T CEO Stephenson as New Member

[PR Newswire] – CHICAGO, Dec. 15, 2015 /PRNewswire/ — Boeing (BA) Chairman Jim McNerney announced today that the company’s board has elected Randall Stephenson as a new director, effective February 2016. Stephenson, 55, has been chairman and CEO of AT&T, one of the world’s largest telecommunications companies, since 2007. AT&T is a global leader in integrated connectivity solutions for businesses and consumers, including video entertainment, mobility, network security, high-speed Internet and voice services. During his 33-year AT&T career, Stephenson has served as chief operating officer from 2004-2007, and senior vice president and chief financial officer from 2001-2004. Read more on this. The Boeing Company (BA) , currently valued at $98.33B, opened at $145.32. Looking at the stock, its one day range is $144.12 to $147.10 with a trailing 52-week range being $115.14 to $158.83. Boeing (BA) shares are currently priced at 17.33x 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 setback when compared to the last 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. Recently, Standpoint Research Initiated BA at Buy (Aug 26, 2015). Previously, JP Morgan Initiated BA at to Overweight. The average price target for BA shares by the analysts covering it is $162.83, which is 12.05% above where the stock opened. See more in (NYSE:BA) Similar Articles: Stock Update: The Boeing Company (NYSE:BA) – Boeing rejects Aerojet Rocketdyne bid for ULA launch venture Market Update (NYSE:BA): Boeing Board Elects Duke Energy CEO Lynn Good as New Director Stock Update: The Boeing Company (NYSE:BA) – Boeing Reports Second-Quarter Deliveries