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

Bae Systems PLC (OTCMKTS:BAESY) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research analysts have recently weighed in on BAESY shares. Erste Group Bank began coverage on shares of Bae Systems in a research report on Friday, October 3rd. They issued a “buy” rating on the stock. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On Bae Systems

A number of institutional investors have recently modified their holdings of BAESY. L & S Advisors Inc grew its position in Bae Systems by 27.2% in the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after acquiring an additional 3,562 shares in the last quarter. First Merchants Corp lifted its stake in shares of Bae Systems by 9.0% in the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after buying an additional 5,144 shares during the last quarter. GAMMA Investing LLC grew its stake in Bae Systems by 25.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after buying an additional 578 shares during the last quarter. Rhumbline Advisers raised its holdings in Bae Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 897 shares during the period. Finally, Ramirez Asset Management Inc. boosted its holdings in Bae Systems by 2.9% during the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock valued at $7,084,000 after acquiring an additional 1,954 shares during the period. Institutional investors and hedge funds own 0.21% of the company’s stock.

Bae Systems Trading Up 0.1%

OTCMKTS:BAESY opened at $111.35 on Thursday. The stock has a fifty day simple moving average of $95.93 and a 200 day simple moving average of $99.07. Bae Systems has a 1-year low of $58.11 and a 1-year high of $114.90. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.