Zacks Investment Research upgraded shares of Bae Systems PLC (OTCMKTS:BAESY) from a hold rating to a buy rating in a research note released on Wednesday. The brokerage currently has $36.00 target price on the aerospace company’s stock.
According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “
BAESY has been the topic of several other research reports. J P Morgan Chase & Co lowered shares of Bae Systems PLC from an overweight rating to a neutral rating in a research note on Friday, June 23rd. ValuEngine upgraded shares of Bae Systems PLC from a hold rating to a buy rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $36.00.
Shares of Bae Systems PLC (OTCMKTS:BAESY) opened at 32.90 on Wednesday. Bae Systems PLC has a 12 month low of $25.94 and a 12 month high of $35.23. The stock has a market capitalization of $26.15 billion, a PE ratio of 19.22 and a beta of 0.83. The company’s 50-day moving average is $31.51 and its 200-day moving average is $32.62.
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The firm also recently declared a None dividend, which will be paid on Thursday, December 7th. Stockholders of record on Friday, October 20th will be paid a dividend of $0.437 per share. The ex-dividend date of this dividend is Thursday, October 19th.
A number of large investors have recently bought and sold shares of BAESY. Parametric Portfolio Associates LLC grew its stake in Bae Systems PLC by 23.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 457,587 shares of the aerospace company’s stock valued at $14,853,000 after buying an additional 87,846 shares during the last quarter. Schafer Cullen Capital Management Inc. grew its stake in Bae Systems PLC by 4.3% in the 1st quarter. Schafer Cullen Capital Management Inc. now owns 2,301,831 shares of the aerospace company’s stock valued at $74,717,000 after buying an additional 93,876 shares during the last quarter. Eqis Capital Management Inc. grew its stake in Bae Systems PLC by 9.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 9,499 shares of the aerospace company’s stock valued at $319,000 after buying an additional 797 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its stake in Bae Systems PLC by 0.5% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 7,176 shares of the aerospace company’s stock valued at $236,000 after buying an additional 36 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new position in Bae Systems PLC in the 2nd quarter valued at $530,000. Institutional investors and hedge funds own 0.43% of the company’s stock.
About Bae Systems PLC
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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