|Bid||498.30 x 0|
|Ask||498.40 x 0|
|Day's range||484.80 - 499.70|
|52-week range||395.90 - 619.00|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||12.31|
|Earnings date||25 Feb 2021|
|Forward dividend & yield||0.24 (4.90%)|
|Ex-dividend date||22 Apr 2021|
|1y target est||652.67|
Bae Systems PLC (BAESY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Shares in defence company BAE nudged higher in early trading after it delivered earnings per share ahead of market expectations.
British defence company BAE Systems forecast another year of growth in 2021, helped by Germany's recent order for Typhoon jets and strong demand in its Electronic Systems unit, and was confident about its longer term outlook. BAE, which builds combat ships, submarines and fighter jets, said that underlying earnings per share would rise by between 3% and 5% in 2021. Two big acquisitions it made last year in the United States, its biggest market, would boost its higher-margin Electronic Systems unit, which provides flight controls, electronic warfare and surveillance capabilities, it said.