BAE Systems (BAESY) Upgraded at JPMorgan Chase & Co.

BAE Systems (OTCMKTS:BAESY) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Friday, The Fly reports.

A number of other brokerages also recently weighed in on BAESY. Zacks Investment Research raised shares of BAE Systems from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine downgraded shares of BAE Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Berenberg Bank raised shares of BAE Systems from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.00.

BAE Systems opened at $33.66 on Friday, according to Marketbeat. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.85. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.48 and a beta of 0.83. BAE Systems has a 1 year low of $28.51 and a 1 year high of $35.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canandaigua National Bank & Trust Co. purchased a new stake in BAE Systems during the first quarter valued at about $221,000. Intercontinental Wealth Advisors LLC purchased a new stake in BAE Systems during the fourth quarter valued at about $279,000. Finally, Schafer Cullen Capital Management Inc. lifted its holdings in BAE Systems by 0.9% during the first quarter. Schafer Cullen Capital Management Inc. now owns 2,406,839 shares of the aerospace company’s stock valued at $80,051,000 after purchasing an additional 20,473 shares during the last quarter. 0.44% of the stock is currently owned by institutional investors and hedge funds.

BAE Systems Company Profile

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its 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.

The Fly

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