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

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

Several research analysts have weighed in on BAESY shares. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th.

Bae Systems Price Performance

BAESY opened at $122.50 on Tuesday. The company has a fifty day simple moving average of $114.86 and a 200 day simple moving average of $104.79. Bae Systems has a twelve month low of $76.03 and a twelve month high of $126.00. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BAESY. Rhumbline Advisers grew its position in Bae Systems by 2.9% in the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after acquiring an additional 158 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Bae Systems by 16.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,294 shares of the aerospace company’s stock valued at $368,000 after buying an additional 456 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Bae Systems by 7.0% in the 3rd quarter. Confluence Investment Management LLC now owns 12,215 shares of the aerospace company’s stock valued at $1,365,000 after buying an additional 802 shares in the last quarter. Salomon & Ludwin LLC increased its position 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 worth $29,000 after purchasing an additional 252 shares in the last quarter. Finally, First Merchants Corp increased its position in shares of Bae Systems by 4.8% during the 3rd quarter. First Merchants Corp now owns 65,230 shares of the aerospace company’s stock worth $7,233,000 after purchasing an additional 2,978 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

About Bae Systems

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.