On Thursday, analysts at Imperial Capital raised the price target on aerospace giant The Boeing Company (BA), but remain cautious about the company’s future outlook.
The analysts maintain an “In-Line” rating on BA, but now see shares reaching $88. The previous price target was $82. This new valuation suggests a 2% upside to Wednesday’s closing price of $86.20.
Imperial analysts are optimistic about Boeing’s 2013 order outlook, but they expect a drop off in 2014. An analyst said, “While we are incrementally more positive on the order outlook, we expect total industry orders of ~1,500 in 2013, then a drop off to under ~1,000 in 2014.”
Boeing’s fiscal 2013 EPS estimates were also raised by Imperial, from $5.18 to $6.26. 2014 and 2015 estimates were also raised, to $7.08 and $7.86, respectively.
Boeing shares were up a fraction during morning trading on Thursday. The stock is up +15.43% over the past year.
The Bottom Line
Shares of Boeing (BA) have a dividend yield of 2.25% based on Thursday’s intraday trading price of $86.38 and the company’s annualized dividend payout of $1.94 per share.
The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.