Today’s Rating On Watch: Jefferies International Reconfirms BAE Systems Plc (LON:BA) As Buy; Has Target Price Of GBX 600.00

November 30, 2016 - By Peter Erickson

BAE Systems Plc (LON:BA) Rating

BAE Systems Plc (LON:BA) had its stock rating noted as Buy by analysts at Jefferies International. Jefferies International currently has a GBX 600.00 TP on the 19.24B GBP market cap company or -1.11% downside potential. This was released in analysts note on Wednesday morning.

BAE Systems plc (LON:BA) Ratings Coverage

Out of 24 analysts covering BAE Systems Plc (LON:BA), 20 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 83% are positive. GBX 675 is the highest target while GBX 390 is the lowest. The GBX 565.32 average target is -6.71% below today’s (GBX 606) stock price. BAE Systems Plc has been the topic of 144 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of BAE Systems plc (LON:BA) has “Buy” rating given on Thursday, November 26 by UBS. The stock of BAE Systems plc (LON:BA) has “Hold” rating given on Friday, July 31 by Deutsche Bank. BNP Paribas upgraded the stock to “Outperform” rating in Monday, February 15 report. The rating was maintained by Haitong Securities on Tuesday, January 19 with “Buy”. RBC Capital Markets maintained it with “Top Pick” rating and GBX 630 target price in Tuesday, February 23 report. The rating was maintained by Credit Suisse with “Neutral” on Monday, October 3. RBC Capital Markets maintained BAE Systems plc (LON:BA) on Friday, February 19 with “Top Pick” rating. Goldman Sachs maintained the stock with “Buy” rating in Monday, November 23 report. As per Monday, August 3, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, July 18 by JP Morgan.

About 790,130 shares traded hands. BAE Systems plc (LON:BA) has risen 26.02% since May 2, 2016 and is uptrending. It has outperformed by 20.79% the S&P500.

Analysts await Boeing Co (NYSE:BA) to report earnings on January, 25. They expect $2.32 earnings per share, up 45.00% or $0.72 from last year’s $1.6 per share. BA’s profit will be $1.43B for 16.34 P/E if the $2.32 EPS becomes a reality. After $3.51 actual earnings per share reported by Boeing Co for the previous quarter, Wall Street now forecasts -33.90% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.19, from 0.71 in 2016Q1. The ratio increased, as 88 funds sold all BAE Systems plc shares owned while 523 reduced positions. 59 funds bought stakes while 373 increased positions. They now own 456.77 million shares or 9.02% less from 502.06 million shares in 2016Q1.

The New York-based Guardian Life Insurance Of America has invested 0.02% in BAE Systems plc (LON:BA). Country Trust State Bank holds 0% or 107 shares in its portfolio. Wellington Shields & Ltd Com holds 2,150 shares or 0.17% of its portfolio. Hudock Cap Grp Incorporated Limited Co holds 0.11% of its portfolio in BAE Systems plc (LON:BA) for 1,553 shares. Horizon Invs Limited Liability Co has 0.15% invested in the company for 15,353 shares. Brinker has 9,198 shares for 0.11% of their US portfolio. Orrstown Svcs last reported 40 shares in the company. The Michigan-based Plante Moran Advsrs Ltd Liability has invested 0.11% in BAE Systems plc (LON:BA). Tradewinds Limited Liability Co holds 10,400 shares or 0.97% of its portfolio. Bahl And Gaynor has 2,462 shares for 0% of their US portfolio. Timber Creek Cap Mngmt Ltd Llc has 0.02% invested in the company for 200 shares. Endurance Wealth Mgmt Inc accumulated 330 shares or 0.01% of the stock. Nippon Life Insurance holds 26,255 shares or 0.09% of its portfolio. First National Bank & Trust Communication Of Newtown holds 1,585 shares or 0.06% of its portfolio. Moreover, Louisiana State Employees Retirement has 0.27% invested in BAE Systems plc (LON:BA) for 39,300 shares.

Insider Transactions: Since August 1, 2016, the stock had 1 buying transaction, and 7 sales for $45.29 million net activity. STEPHENSON RANDALL L had bought 1,871 shares worth $250,508 on Monday, August 1. Conner Raymond L. also sold $1.96 million worth of BAE Systems plc (LON:BA) on Friday, November 4. Shares for $2.47M were sold by Caret Leanne G. $7.25M worth of shares were sold by Muilenburg Dennis A on Tuesday, November 1. $2.87M worth of BAE Systems plc (LON:BA) was sold by Smith Gregory D. 200,754 shares were sold by LUTTIG J MICHAEL, worth $28.60 million on Monday, October 31. Another trade for 3,894 shares valued at $519,008 was sold by Verbeck Robert E.

BAE Systems plc is a defense, aerospace and security company. The company has a market cap of 19.24 billion GBP. The Company’s divisions include Electronic Systems, which consist of the Company’s United States and United Kingdom electronics activities; Cyber & Intelligence, which consists of its United States Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services , which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana. It has a 20.56 P/E ratio.

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.”

BA Company Profile

The Boeing Company, incorporated on July 19, 1934, is an aerospace firm. The Firm operates in five divisions: Commercial airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Company’s unallocated activities are Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). The Company’s EO&T provides Boeing with technical and functional capabilities, which include information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management.

More important recent BAE Systems plc (LON:BA) news were published by: Wsj.com which released: “BAE Systems Picks Oil Executive as New Operating Chief” on February 15, 2016, also Wsj.com published article titled: “BAE Systems Profit Rises on Increased Military Spending”, Wsj.com published: “BAE Systems Sees Risks if ‘Brexit’ Spurs Scottish Independence Push” on May 04, 2016. More interesting news about BAE Systems plc (LON:BA) was released by: Bloomberg.com and their article: “Bonds of GlaxoSmithKline, BAE Systems Among First BOE Purchases” with publication date: September 28, 2016.

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