BAE Systems (LON:BA) Trading 0.3% Higher - Time to Buy?

Key Points

• BAE Systems plc's share price increased by 0.3%, trading at GBX 1,727 ($23.17) after reaching a high of GBX 1,736.50 ($23.30) during the day.
• Analysts have a consensus rating of "Moderate Buy" for BAE Systems, with target prices ranging from GBX 1,770 to GBX 2,192.
• The company reported a net margin of 7.49% and an EPS of GBX 34.70 for the last quarter, with expectations of 73.54 EPS for the current fiscal year.

BAE Systems plc (LON:BA - Get Free Report)'s share price traded up 0.3% during trading on Thursday . The stock traded as high as GBX 1,736.50 ($23.30) and last traded at GBX 1,727 ($23.17). 4,313,933 shares changed hands during trading, The stock had previously closed at GBX 1,721 ($23.09).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Berenberg Bank reissued a "hold" rating and set a GBX 1,770 target price on shares of BAE Systems in a research note on Wednesday, July 30th. Citigroup raised their target price on shares of BAE Systems from GBX 2,145 to GBX 2,192 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 2,170 target price on shares of BAE Systems in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,964.25.

BAE Systems Stock Performance

The company has a market cap of £54.47 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.02. The stock's 50-day moving average price is GBX 1,845.16 and its 200 day moving average price is GBX 1,693.52.

BAE Systems (LON:BA - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported GBX 34.70 EPS for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. As a group, research analysts expect that BAE Systems plc will post 73.537927 EPS for the current fiscal year.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.

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