The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites. The company also provides leasing and product support services. Boeing is among the largest global aircraft manufacturers; it is the second-largest defense contractor in the world based on 2018 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is a component of the Dow Jones Industrial Average.
Boeing was founded by William Boeing on July 15, 1916, in Seattle, Washington. The company has expanded over the years, making a number of acquisitions and forming partnerships. In 2017, Boeing completed the acquisition of aerospace manufacturer Embraer, resulting in the creation of a new subsidiary, Embraer S.A.
The company’s revenues totaled US$101 billion in 2018 and its backlog stood at US$441 billion as of August 2018. In December 2016, Boeing’s board of directors approved an increase to its stock repurchase authorization to US$14 billion.
What is the Target price for Boeing stock?
The Target price for Boeing stock is currently $442.00 per share.
