BAE Systems (OTCMKTS:BAESY) Share Price Crosses Above 200-Day Moving Average of $49.01

Shares of BAE Systems plc (OTCMKTS:BAESY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.01 and traded as high as $51.76. BAE Systems shares last traded at $51.45, with a volume of 77,103 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of BAE Systems from GBX 1,100 ($13.89) to GBX 1,120 ($14.14) in a research note on Wednesday, August 2nd. Kepler Capital Markets upgraded BAE Systems from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Barclays lifted their target price on BAE Systems from GBX 1,020 ($12.88) to GBX 1,250 ($15.79) in a report on Tuesday, August 8th. Morgan Stanley started coverage on BAE Systems in a research note on Tuesday, June 13th. They set an “overweight” rating for the company. Finally, Berenberg Bank boosted their target price on BAE Systems from GBX 1,000 ($12.63) to GBX 1,050 ($13.26) in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,142.00.

BAE Systems Stock Performance

The stock’s 50 day simple moving average is $49.78 and its 200 day simple moving average is $49.01. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Meritage Portfolio Management lifted its position in shares of BAE Systems by 3.0% in the 1st quarter. Meritage Portfolio Management now owns 113,813 shares of the aerospace company’s stock worth $5,619,000 after buying an additional 3,263 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in BAE Systems in the second quarter worth about $177,000. PNC Financial Services Group Inc. boosted its stake in BAE Systems by 16.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,633 shares of the aerospace company’s stock valued at $176,000 after acquiring an additional 642 shares during the period. Captrust Financial Advisors boosted its stake in BAE Systems by 42.3% in the first quarter. Captrust Financial Advisors now owns 1,002 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 298 shares during the period. Finally, Principal Street Partners LLC bought a new position in shares of BAE Systems during the second quarter valued at approximately $515,000. Institutional investors own 0.34% 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, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.