BAE SYS PLC/S (OTCMKTS:BAESY) Stock Rating Upgraded by Zacks Investment Research

BAE SYS PLC/S (OTCMKTS:BAESY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The firm currently has a $38.00 price target on the aerospace company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.23% from the company’s current price.

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. “

A number of other equities research analysts have also recently commented on the company. BNP Paribas cut BAE SYS PLC/S from an “outperform” rating to a “neutral” rating in a research note on Wednesday. ValuEngine downgraded BAE SYS PLC/S from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Bank of America raised BAE SYS PLC/S from a “neutral” rating to a “buy” rating in a research report on Monday, January 13th. Goldman Sachs Group cut BAE SYS PLC/S from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised shares of BAE SYS PLC/S from a “neutral” rating to an “overweight” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

BAE SYS PLC/S stock traded down $0.02 during midday trading on Wednesday, reaching $33.56. The stock had a trading volume of 193,205 shares, compared to its average volume of 141,550. The company has a fifty day moving average price of $30.63 and a two-hundred day moving average price of $28.54. BAE SYS PLC/S has a 12 month low of $22.36 and a 12 month high of $33.90. The company has a market capitalization of $26.77 billion, a P/E ratio of 15.39, a PEG ratio of 2.77 and a beta of 1.02.

Several institutional investors and hedge funds have recently bought and sold shares of BAESY. Pacer Advisors Inc. lifted its position in BAE SYS PLC/S by 51.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,264 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,440 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in BAE SYS PLC/S by 151.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 15,398 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 9,285 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in BAE SYS PLC/S by 3.0% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 133,375 shares of the aerospace company’s stock valued at $3,760,000 after purchasing an additional 3,895 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in BAE SYS PLC/S by 20.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 946,854 shares of the aerospace company’s stock worth $26,692,000 after purchasing an additional 163,707 shares in the last quarter. Institutional investors own 0.39% of the company’s stock.

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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