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

Bae Systems PLC (OTCMKTS:BAESY) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of research firms have recently commented on BAESY. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Jefferies Financial Group reissued a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Finally, Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. L & S Advisors Inc lifted its position in Bae Systems by 27.2% during the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock valued at $1,751,000 after buying an additional 3,562 shares in the last quarter. Arrow Capital Pty Ltd acquired a new stake in shares of Bae Systems in the third quarter worth $5,531,000. Ramirez Asset Management Inc. raised its stake in shares of Bae Systems by 6.8% in the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after acquiring an additional 4,527 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Bae Systems in the 3rd quarter valued at $44,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Bae Systems Trading Down 0.9%

Shares of BAESY opened at $122.19 on Friday. Bae Systems has a fifty-two week low of $76.01 and a fifty-two week high of $123.70. The company’s fifty day moving average is $112.05 and its two-hundred day moving average is $102.80. 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.