Imperial Capital Boosts Price Target on Boeing; Maintains “In-Line” Rating (BA)

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 DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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