BAE Systems plc (OTCMKTS:BAESY) Receives Consensus “Hold” Rating from Brokerages
BAE Systems plc (OTCMKTS:BAESY – Get Rating) received an average recommendation of “Hold” from the ten brokerages that currently cover the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $851.67.
BAESY has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of BAE Systems from a “neutral” rating to an “overweight” rating in a Wednesday, August 3 research report. Jefferies Financial Group raised its price target on shares of BAE Systems from GBX 950 ($11.48) to GBX 960 ($11.60) in a Friday, July 29 research note.
Performance of BAE Systems shares
BAESY opened at $38.00 on Monday. The company has a debt ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.01. BAE Systems has a 1-year low of $27.93 and a 1-year high of $41.14. The company has a 50-day moving average price of $38.44 and a two-hundred-day moving average price of $37.76.
Institutional entries and exits
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cullen Capital Management LLC increased its holdings of BAE Systems shares by 1.5% in the second quarter. Cullen Capital Management LLC now owns 1,387,431 shares of the aerospace company valued at $56,330,000 after buying 20,715 additional shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings of BAE Systems shares by 20.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 167,295 shares of the aerospace company valued at $4,983,000 after purchasing an additional 28,970 shares in the last quarter. Altrius Capital Management Inc acquired a new stake in shares of BAE Systems in the second quarter worth approximately $5,561,000. Meritage Investment Management increased its holdings of BAE Systems shares by 1.7% in the second quarter. Meritage Investment Management now owns 63,282 shares of the aerospace company valued at $2,569,000 after buying 1,081 additional shares in the last quarter. Finally, Todd Asset Management LLC increased its stake in BAE Systems by 2.2% during the second quarter. Todd Asset Management LLC now owns 33,575 shares of the aerospace company worth $1,363,000 after purchasing an additional 710 shares in the last quarter. Institutional investors own 0.23% of the company’s shares.
BAE Systems Company Profile
(Get a rating)
BAE Systems plc provides defence, aerospace and security solutions worldwide. The Company operates through five segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air and Maritime. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and search solutions, military communication systems and data links, persistent surveillance systems, space electronics and electric drive propulsion. systems.
Receive daily news and reviews for BAE Systems – Enter your email address below to receive a concise daily summary of breaking news and analyst assessments for BAE Systems and related companies with MarketBeat.com’s free daily email newsletter.