Brokerages Set BAE SYS PLC/S (OTCMKTS:BAESY) Target Price at $37.00

BAE SYS PLC/S (OTCMKTS:BAESY) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $37.00.

Several research analysts have commented on BAESY shares. BNP Paribas lowered shares of BAE SYS PLC/S from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 22nd. Goldman Sachs Group downgraded shares of BAE SYS PLC/S from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. JPMorgan Chase & Co. raised shares of BAE SYS PLC/S from a “neutral” rating to an “overweight” rating in a report on Monday, January 6th. Bank of America raised shares of BAE SYS PLC/S from a “neutral” rating to a “buy” rating in a report on Monday, January 13th. Finally, ValuEngine downgraded shares of BAE SYS PLC/S from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd.

Several hedge funds and other institutional investors have recently made changes to their positions in BAESY. Logan Capital Management Inc. lifted its stake in shares of BAE SYS PLC/S by 3.7% in the 4th quarter. Logan Capital Management Inc. now owns 44,274 shares of the aerospace company’s stock worth $1,325,000 after purchasing an additional 1,599 shares during the period. Pacer Advisors Inc. raised its stake in BAE SYS PLC/S by 42.1% during the 4th quarter. Pacer Advisors Inc. now owns 6,058 shares of the aerospace company’s stock worth $183,000 after acquiring an additional 1,794 shares during the period. Cornerstone Investment Partners LLC bought a new stake in BAE SYS PLC/S during the 4th quarter worth approximately $229,000. Meritage Portfolio Management bought a new stake in BAE SYS PLC/S during the 4th quarter worth approximately $2,252,000. Finally, Ferguson Wellman Capital Management Inc. raised its stake in BAE SYS PLC/S by 1.4% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 135,230 shares of the aerospace company’s stock worth $4,047,000 after acquiring an additional 1,855 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

OTCMKTS BAESY traded up $2.48 during trading on Monday, hitting $24.54. The company had a trading volume of 308,721 shares, compared to its average volume of 226,362. BAE SYS PLC/S has a one year low of $19.89 and a one year high of $34.74. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 3.13 and a beta of 1.00. The company’s fifty day moving average is $29.94 and its 200-day moving average is $29.92.

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.704 per share. The ex-dividend date is Thursday, April 16th. BAE SYS PLC/S’s payout ratio is presently 45.59%.

About BAE SYS PLC/S

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.

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Analyst Recommendations for BAE SYS PLC/S (OTCMKTS:BAESY)

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