Stock analysts at Cheuvreux started coverage on shares of BAE Systems (OTCMKTS:BAESY) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the aerospace company’s stock.
A number of other research analysts have also recently weighed in on BAESY. Kepler Capital Markets initiated coverage on shares of BAE Systems in a research note on Thursday. They set a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of BAE Systems in a research note on Friday, July 30th. UBS Group reissued a “neutral” rating on shares of BAE Systems in a research note on Monday, August 2nd. JPMorgan Chase & Co. cut shares of BAE Systems from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 4th. Finally, Zacks Investment Research cut shares of BAE Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $31.00.
Shares of BAESY traded up $0.29 during mid-day trading on Thursday, reaching $33.01. 827,442 shares of the company’s stock were exchanged, compared to its average volume of 246,096. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 1.01. The company has a 50-day simple moving average of $31.44 and a two-hundred day simple moving average of $30.25. BAE Systems has a 52-week low of $20.67 and a 52-week high of $33.06. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.31 and a beta of 1.23.
BAE Systems Company Profile
BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters.
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