Reaffirmed: BAE Systems (LON:BA) “Underperform” Rating Has Been Reiterated by research analysts Raymond James; GBX 420 Target in Place


BAE Systems (LON:BA) Rating Reaffirmed

They currently have a GBX 420 price target on BAE Systems (LON:BA). The target price by Raymond James would suggest a potential downside of -13.90% from the company’s current price. This has been shown in an interesting research report on 15 December.

From a total of 19 analysts covering BAE Systems Plc (LON:BA) stock, 11 rate it a ”Buy”, 4 a “Sell”, and 7 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 611 while the lowest target price is GBX 390. The mean of all analyst targets is GBX 529.53 with a 7.92% above today’s (GBX 490.2) stock price. BAE Systems Plc was the topic of 60 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 14 with “Outperform” rating. Investec upgraded shares to “Buy” rating and GBX 530 target share price in a report from a November 20. Deutsche Bank maintained BA stock in a recent report from December 4 with “Hold” rating. Haitong Securities maintained the rating on November 18. Haitong Securities has a “Buy” rating and a GBX 560 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a November 24.

Approximately 739,897 shares of stock traded hands. BAE Systems plc (LON:BA) has declined 3.71% since May 18, 2015 and is downtrending. It has underperformed by 0.03% the S&P500.

Reaffirmed: BAE Systems (LON:BA)

The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.22, from 0.97 in 2015Q2. The ratio improved, as 74 institutions have sold all the shares of BAE Systems plc that they owned while 439 funds have taken shares off the table. 94 funds have purchased shares for the first time while 518 added to their positions. These institutions now hold 510.23 million shares or 2.40% more than the 498.26 million shares they owned in 2015Q2.

The Fund Hengistbury Investment Partners Llp currently is holding shares equating to 22.69% of its total portfolio in BAE Systems plc representing a total of 377,600 shares. Another fund,Evercore Trust Company N.A., is holding a total of 43.30 million shares equating to 21.87% of their holdings. Additionally, Ruffer Llp has a 2.14 million share stake in BAE Systems plc which represents 12% of their total portfolio. The Fund, Ancient Art L.P., based out of Texas, has also built up a stake in the stock, which represents a total of 9.78% of their total portfolio. Finally Levy Harkins & Co Inc, a fund which is based in the state of New York reported a total holdings of 135,998 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 4, 2015, shareholders of BAE Systems plc have witnessed 0 insider purchases, and a total of 4 insider sales equating to a net activity of approximately $40.73 million . Verbeck Robert E sold 8,448 shares worth approximately $1.23M. Sands Diana L sold 7,443 shares worth approximately $1.07 million. Mcnerney W James Jr sold 261,000 shares worth approximately $37.12 million. Conner Raymond L. sold 8,979 shares worth approximately $1.31M. The company insider Tracy John J sold 23,288 shares worth $3.35M.

BAE Systems plc is a defense, aerospace and security company. The company has a market cap of 15.51 billion GBP.

According to Zacks Investment Research, “The Boeing Company is one of the world’s major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications.”