BAE Systems (LON:BA) Stock Jumps 1.2% - What's Next?

Key Points

• BAE Systems shares rose 1.2% to GBX 1,882.50 in midday trading, with nearly 3 million shares changing hands.
• Analysts remain broadly cautious: the stock has an average “Hold” rating and a consensus price target of GBX 2,275, despite several brokers recently raising their targets.
• The company reported quarterly earnings per share of GBX 38.90, with a 7.19% net margin and 17.49% return on equity; insider John Pettigrew also purchased 7,000 shares for approximately £155,960.

BAE Systems plc (LON:BA - Get Free Report)'s share price rose 1.2% during trading on Tuesday. The stock traded as high as GBX 1,900 and last traded at GBX 1,882.50. Approximately 2,971,821 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,860.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Deutsche Bank Aktiengesellschaft lifted their price target on BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a "hold" rating in a research note on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an "overweight" rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 2,100 price objective on shares of BAE Systems in a report on Friday, July 31st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,200 price objective on shares of BAE Systems in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 2,275.

BAE Systems Trading Down 1.2%

The company has a market cap of £57.58 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. The business's fifty day moving average price is GBX 2,038.11 and its 200 day moving average price is GBX 2,012.31. The company has a debt-to-equity ratio of 73.96, a current ratio of 1.02 and a quick ratio of 0.91.

BAE Systems (LON:BA - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 38.90 earnings per share for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. Research analysts anticipate that BAE Systems plc will post 73.54 earnings per share for the current fiscal year.

Insider Activity at BAE Systems

In related news, insider John Pettigrew purchased 7,000 shares of BAE Systems stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of GBX 2,228 per share, for a total transaction of £155,960. In the last 90 days, insiders bought 7,028 shares of company stock valued at $15,656,326. Insiders own 0.14% of the company's stock.

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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