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

Shares of Bae Systems PLC (OTCMKTS:BAESY) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities analysts recently commented on BAESY shares. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group downgraded Bae Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th.

Bae Systems Stock Performance

Shares of Bae Systems stock opened at $108.30 on Monday. Bae Systems has a 52-week low of $61.90 and a 52-week high of $114.90. The company has a 50 day moving average of $102.01 and a 200 day moving average of $99.75. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

Institutional Investors Weigh In On Bae Systems

Several hedge funds and other institutional investors have recently bought and sold shares of BAESY. Altrius Capital Management Inc lifted its position in Bae Systems by 5.5% in the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after acquiring an additional 4,911 shares during the last quarter. Ramirez Asset Management Inc. lifted its holdings 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 purchasing an additional 4,527 shares during the last quarter. First Merchants Corp boosted its position in shares of Bae Systems by 3.6% in the 4th quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock valued at $6,231,000 after purchasing an additional 2,338 shares during the period. Arrow Capital Pty Ltd purchased a new position in Bae Systems during the 3rd quarter worth approximately $5,531,000. Finally, L & S Advisors Inc increased its position in Bae Systems by 14.1% during the fourth quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock worth $1,998,000 after buying an additional 2,662 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.