BAE Systems (LON:BA) Rating Reaffirmed
In an interesting research report issued to investors and clients this morning, RBC Capital Markets reconfirmed their Outperform rating on BAE Systems (LON:BA) shares. The TP may mean a possible upside of 15.31% from firm’s current price.
From a total of 19 analysts covering BAE Systems Plc (LON:BA) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 611 while the lowest target price is GBX 410. The mean of all analyst targets is GBX 531.11 with a 6.95% above today’s (GBX 496.1) stock price. BAE Systems Plc was the topic of 61 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Raymond James maintained shares on December 15 with “Underperform” rating. Jefferies maintained shares with “Buy” rating and GBX 600 target share price in a report from a November 24. Bernstein maintained BA stock in a recent report from December 10 with “Outperform” rating. Investec upgraded the rating on November 20. Investec has a “Buy” rating and a GBX 530 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 26.
Approximately 703,521 shares of stock traded hands. BAE Systems plc (LON:BA) has declined 4.46% since May 22, 2015 and is downtrending. It has outperformed by 1.35% the S&P500.
The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.22, from 0.97 in 2015Q2. The ratio is positive, 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 buys, 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 $1.07M. Mcnerney W James Jr sold 261,000 shares worth approximately $37.12 million. Conner Raymond L. sold 8,979 shares worth approximately $1.31 million. 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 15.70 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.”