The fall in Boeing shares has made the stock's valuation less expensive but...
NEW YORK - The fall in Boeing shares has made the stock’s valuation less expensive but that may not make it an obvious buy for investors.
The declines come after a run for Boeing shares that saw the price more than double over the past two years, making the company the largest U.S. industrial firm by market value. For example, according to Refinitiv data, the consensus analyst estimate for Boeing’s earnings per share this year, which calls for 26 percent growth, has not changed this week amid the evolving fallout for the company.
“It’s fully-valued, based on what we know,” Tengler said. “If people start yanking orders ... then the valuation might be a little bit high.”Analysts were seeking to determine the bottom-line implications for Boeing, especially since Sunday’s was the second such crash involving the planemaker’s flagship new model in six months.
“We believe investors were pricing in very limited risk to the 737 ramp-up profile, which now has greater risk within the wide range of possible outcomes following these incidents,” Poponak said in a research note.
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