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

Shares of Bae Systems PLC (OTCMKTS:BAESY) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of analysts recently weighed in on BAESY shares. Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th.

Institutional Trading of Bae Systems

A number of large investors have recently made changes to their positions in the company. Altrius Capital Management Inc raised its stake in Bae Systems by 5.5% during the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after buying an additional 4,911 shares during the period. Ramirez Asset Management Inc. increased its holdings in shares of Bae Systems by 6.8% in the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after acquiring an additional 4,527 shares in the last quarter. First Merchants Corp raised its position in shares of Bae Systems by 1.3% during the first quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after purchasing an additional 854 shares during the period. Sit Investment Associates Inc. lifted its holdings in shares of Bae Systems by 2.6% during the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock valued at $3,295,000 after purchasing an additional 910 shares in the last quarter. Finally, L & S Advisors Inc lifted its holdings in shares of Bae Systems by 14.1% during the 4th quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock valued at $1,998,000 after purchasing an additional 2,662 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Trading Up 0.1%

Shares of BAESY opened at $102.88 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00. The stock’s 50-day moving average price is $101.72 and its two-hundred day moving average price is $109.49.

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.