Between 2010 and the beginning of 2013 the share price of Boeing remained stuck in a narrow price range. Then, as the trailing 12-month (TTM) Ebitda earnings skyrocketed and stayed airborne, the stock price moved from below $80 to as high as $144.57.
Since the beginning of 2014 Boeing's share price shifted to a lower "altitude," with the stock down over 5% for the year to date through Thursday's close of $129.58.
At that price the $2.92 annual dividend provides a yield of 2.25%. The one-year estimated price target for Boeing shares (according to Yahoo! Finance) is a updraft to $153 a share, representing a potential gain from Thursday's level of nearly 19%. Add on the dividend and your total return may be north of 21%.
That kind of soaring total return potential isn't easy to find in today's stock market.
When you take into account this best-in-breed company's track record, financial strength and backlog of orders, it looks like one of the safe bets for investors who see the big picture.
At the time of publication the author had no positions in the companies mentioned in this article.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.Google+