Syntax Research Inc. Purchases 730 Shares of The Boeing Company (NYSE:BA)

Syntax Research Inc. increased its position in shares of The Boeing Company (NYSE:BA) by 18.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,708 shares of the aircraft producer’s stock after buying an additional 730 shares during the quarter. Syntax Research Inc.’s holdings in Boeing were worth $716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC bought a new stake in Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. bought a new position in Boeing in the second quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Boeing during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BA shares. The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Wells Fargo & Company cut their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Robert W. Baird dropped their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Hold” and a consensus price target of $190.11.

Boeing Stock Down 0.0 %

NYSE BA opened at $173.09 on Wednesday. The company has a market cap of $107.00 billion, a price-to-earnings ratio of -13.42 and a beta of 1.56. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The business’s fifty day moving average is $153.51 and its 200 day moving average is $165.99.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Boeing Profile

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.