BAE Systems plc (OTCMKTS:BAESY) Receives $815.00 Consensus PT from Analysts

Shares of BAE Systems plc (OTCMKTS:BAESYGet Rating) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $815.00.

BAESY has been the topic of a number of research reports. Societe Generale lowered shares of BAE Systems from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Morgan Stanley increased their price objective on shares of BAE Systems from GBX 642 ($7.91) to GBX 735 ($9.06) in a research note on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BAE Systems from GBX 670 ($8.26) to GBX 860 ($10.60) in a research report on Tuesday, April 12th. JPMorgan Chase & Co. raised their price target on shares of BAE Systems from GBX 830 ($10.23) to GBX 850 ($10.48) in a research report on Monday, May 9th. Finally, DZ Bank lowered shares of BAE Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd.

A number of hedge funds have recently modified their holdings of the business. Captrust Financial Advisors raised its stake in BAE Systems by 42.3% during the first quarter. Captrust Financial Advisors now owns 1,002 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 298 shares during the period. PNC Financial Services Group Inc. raised its stake in BAE Systems by 16.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,633 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 642 shares during the period. Cullen Capital Management LLC raised its stake in BAE Systems by 4.7% during the first quarter. Cullen Capital Management LLC now owns 1,366,716 shares of the aerospace company’s stock worth $51,484,000 after purchasing an additional 61,884 shares during the period. Todd Asset Management LLC raised its stake in BAE Systems by 1.4% during the first quarter. Todd Asset Management LLC now owns 32,865 shares of the aerospace company’s stock worth $1,238,000 after purchasing an additional 456 shares during the period. Finally, Meritage Portfolio Management acquired a new stake in shares of BAE Systems during the first quarter valued at about $2,343,000. 0.23% of the stock is currently owned by institutional investors.

Shares of BAESY opened at $37.45 on Friday. BAE Systems has a 1-year low of $27.93 and a 1-year high of $40.65. The company’s fifty day simple moving average is $38.19 and its 200 day simple moving average is $33.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.01.

The firm also recently declared a dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Friday, April 22nd will be paid a $0.7703 dividend. This represents a dividend yield of 3.2%. The ex-dividend date is Thursday, April 21st.

About BAE Systems (Get Rating)

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, navigation systems, 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, space electronics, and electric drive propulsion systems.

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