Boeing's backlog of more than 5,600 commercial aircraft provides visibility in uncertain times.
Wide-moat Boeing reported third-quarter 2017 results that beat expectations (helped by tax adjustments) and featured solid free cash flow growth of 13.4% in the quarter. Over the past three months, Boeing shares have traded at $130-$135 versus our fair value estimate of $141. Based on the results, particularly the cash flow and solid margins in the defense business, we plan to raise our fair value estimate by about $4, to $145 per share.Boeing’s quarterly revenue fell by 7.5% year over year to...
The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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