In a report released on June 24, George McWhirter from Berenberg Bank maintained a Hold rating on BAE Systems (BAESF – Research Report), with a price target of p1,770.00. The company’s shares closed yesterday at $24.71.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, McWhirter is a top 100 analyst with an average return of 59.7% and a 90.32% success rate. McWhirter covers the Industrials sector, focusing on stocks such as Rheinmetall, Babcock International, and MTU Aero Engines.
BAE Systems has an analyst consensus of Moderate Buy, with a price target consensus of $27.48, implying an 11.20% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a p1,630.00 price target.
Based on BAE Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.84 billion and a net profit of $1.01 billion. In comparison, last year the company earned a revenue of $12.08 billion and had a net profit of $892 million
Based on the recent corporate insider activity of 186 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAESF in relation to earlier this year.
Read More on BAESF:
- Mixed Signals Lead to Hold Rating for BAE Systems Amid Growth and Financial Pressures
- NATO Allies commit to invest 5% of GDP annually on core defense requirements
- Sector Spotlight: Boeing predicts airplane supply will catch up with demand
- BAE Systems partners with U.S. Army to advance M109 Paladin platform
- BAE Systems’ Gen3 electric drive system completes testing at FTA’s BRTC