Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Rating of “Moderate Buy” by Analysts

Bae Systems PLC (OTCMKTS:BAESY) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company.

Several equities analysts recently issued reports on BAESY shares. Bank of America raised shares of Bae Systems from an “underperform” rating to a “buy” rating in a report on Tuesday, June 10th. Kepler Capital Markets downgraded shares of Bae Systems from a “hold” rating to a “reduce” rating in a research note on Monday, July 7th. The Goldman Sachs Group started coverage on shares of Bae Systems in a research note on Friday. They set a “buy” rating on the stock. Finally, Jefferies Financial Group raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 1st.

Hedge Funds Weigh In On Bae Systems

Institutional investors have recently modified their holdings of the company. First Merchants Corp purchased a new position in Bae Systems in the 1st quarter worth $4,598,000. GAMMA Investing LLC raised its position in shares of Bae Systems by 26.0% during the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock valued at $186,000 after buying an additional 466 shares during the period. L & S Advisors Inc purchased a new stake in Bae Systems in the first quarter valued at approximately $1,078,000. Corient IA LLC purchased a new stake in shares of Bae Systems during the first quarter worth $805,000. Finally, Rhumbline Advisers boosted its stake in Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 897 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors.

Bae Systems Stock Down 0.6%

Shares of BAESY stock opened at $106.00 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95. Bae Systems has a twelve month low of $56.19 and a twelve month high of $111.71. The business has a fifty day simple moving average of $99.02 and a 200 day simple moving average of $96.09.

About Bae Systems

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.