Societe Generale reiterated their buy rating on shares of BAE SYS PLC/S (OTCMKTS:BAESY) in a research note published on Tuesday morning, The Fly reports.
Several other analysts also recently commented on the stock. Deutsche Bank reaffirmed a buy rating on shares of BAE SYS PLC/S in a report on Thursday, July 2nd. UBS Group reissued a neutral rating on shares of BAE SYS PLC/S in a report on Monday, May 18th. Zacks Investment Research downgraded shares of BAE SYS PLC/S from a buy rating to a hold rating in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of BAE SYS PLC/S in a report on Friday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $30.00.
Shares of BAESY stock traded up $0.44 during trading hours on Tuesday, hitting $27.46. The company’s stock had a trading volume of 77,824 shares, compared to its average volume of 145,604. The company has a 50 day moving average of $27.24 and a 200 day moving average of $25.91. The stock has a market cap of $22.08 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 11.95 and a beta of 0.89. 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.
A number of large investors have recently bought and sold shares of the business. Logan Capital Management Inc. raised its position 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 worth $1,191,000 after acquiring an additional 1,035 shares during the period. Cornerstone Investment Partners LLC acquired a new position in BAE SYS PLC/S during the second quarter worth $222,000. Silvercrest Asset Management Group LLC acquired a new position in BAE SYS PLC/S during the second quarter worth $469,000. Parametric Portfolio Associates LLC raised its position in BAE SYS PLC/S by 3.2% during the first quarter. Parametric Portfolio Associates LLC now owns 886,796 shares of the aerospace company’s stock worth $22,658,000 after acquiring an additional 27,773 shares during the period. Finally, Meritage Portfolio Management raised its position in BAE SYS PLC/S by 64.1% during the second quarter. Meritage Portfolio Management now owns 121,289 shares of the aerospace company’s stock worth $2,911,000 after acquiring an additional 47,389 shares during the period. Institutional investors own 0.22% of the company’s stock.
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.
Featured Article: Pattern Day Trader
Receive News & Ratings for BAE SYS PLC/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE SYS PLC/S and related companies with MarketBeat.com's FREE daily email newsletter.