#6 - Boeing (NYSE:BA)
Boeing (NYSE: BA) - Boeing may be considered more of a long-term play, but it is well positioned for growth. The airline industry is evolving into a model that will make air travel more affordable and accessible. Boeing is forecasting demand for air travel will grow at an average annualized rate of 4.7% through 2037. And the International Air Transport Association issued a forecast that shows China will add one billion new passengers over the next 20 years. This will mean that there will need to be more jets to accommodate the traffic. In fact, for Boeing, those numbers would suggest that they will be nearly doubling their fleet. As evidence of this, the company announced that they plan to boost 737 jetliner production to a rate of 57 a month by June (an approximate 10% increase from current levels). And while the analysts' expectations of 7% revenue growth in 2019 are not going to get a lot of investors excited, what may turn heads is a 20% growth in per-share earnings. Boeing recently reported strong Q4 2018 earnings and their stock is up over 21% for the year, reaching a new high of $394.40 on February 4, 2019.
About Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
Read More - Current Price
- $149.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $190.37 (27.5% Upside)
