BAE SYS PLC/S (OTCMKTS:BAESY) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.
A number of other analysts have also commented on BAESY. Zacks Investment Research upgraded shares of BAE SYS PLC/S from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of BAE SYS PLC/S in a research note on Friday, July 31st. Deutsche Bank reiterated a “buy” rating on shares of BAE SYS PLC/S in a research note on Thursday, July 2nd. Societe Generale reiterated a “buy” rating on shares of BAE SYS PLC/S in a research note on Tuesday. Finally, UBS Group reiterated a “neutral” rating on shares of BAE SYS PLC/S in a research note on Monday, May 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. BAE SYS PLC/S currently has an average rating of “Buy” and a consensus price target of $30.00.
Shares of BAESY stock opened at $27.29 on Tuesday. The firm has a market capitalization of $21.95 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 11.95 and a beta of 0.89. The firm has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $25.89. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. BAE SYS PLC/S has a 12 month low of $19.89 and a 12 month high of $34.74.
Several large investors have recently modified their holdings of BAESY. Parametric Portfolio Associates LLC boosted its holdings in shares of BAE SYS PLC/S by 3.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 886,796 shares of the aerospace company’s stock worth $22,658,000 after buying an additional 27,773 shares during the last quarter. Meritage Portfolio Management boosted its holdings in shares of BAE SYS PLC/S by 64.1% in the 2nd quarter. Meritage Portfolio Management now owns 121,289 shares of the aerospace company’s stock worth $2,911,000 after buying an additional 47,389 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in BAE SYS PLC/S during the second quarter valued at about $222,000. Silvercrest Asset Management Group LLC purchased a new stake in BAE SYS PLC/S during the second quarter valued at about $469,000. Finally, Logan Capital Management Inc. lifted its holdings in BAE SYS PLC/S by 2.1% during the second quarter. Logan Capital Management Inc. now owns 49,857 shares of the aerospace company’s stock valued at $1,191,000 after purchasing an additional 1,035 shares during the last quarter. 0.22% of the stock is currently owned by institutional investors.
BAE SYS PLC/S Company Profile
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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