Report
Chris Higgins
EUR 147.86 For Business Accounts Only

Boeing's backlog of over 5,700 commercial aircraft provides future growth visibility.

Wide-moat Boeing reported fourth-quarter and full-year 2016 results that were slightly better than consensus. The stock reacted positively to results and 2017 guidance, which featured a higher-than-expected operating cash flow outlook of $10.8 billion. We plan to raise our fair value estimate of $151 by about $5 per share primarily due to better operating margins in commercial aircraft for 2017 and beyond.
Fourth-quarter core EPS increased to $2.47 from $1.60 a year earlier and full-year 2016 co...
Underlying
BOEING COMPANY (THE)

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Chris Higgins

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