Bae Systems PLC (OTCMKTS:BAESY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “

Several other equities analysts have also commented on BAESY. ValuEngine upgraded shares of Bae Systems PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. J P Morgan Chase & Co lowered shares of Bae Systems PLC from an “overweight” rating to a “neutral” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.

Shares of Bae Systems PLC (OTCMKTS:BAESY) traded up 0.38% on Tuesday, hitting $31.98. 48,504 shares of the stock were exchanged. Bae Systems PLC has a 52-week low of $25.94 and a 52-week high of $35.23. The stock has a market cap of $25.38 billion, a P/E ratio of 21.26 and a beta of 0.84.

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Institutional investors have recently made changes to their positions in the company. Schafer Cullen Capital Management Inc. raised its position in shares of Bae Systems PLC by 4.3% in the first quarter. Schafer Cullen Capital Management Inc. now owns 2,301,831 shares of the aerospace company’s stock worth $74,717,000 after buying an additional 93,876 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Bae Systems PLC by 23.8% in the first quarter. Parametric Portfolio Associates LLC now owns 457,587 shares of the aerospace company’s stock worth $14,853,000 after buying an additional 87,846 shares during the period. Eqis Capital Management Inc. raised its position in shares of Bae Systems PLC by 14.1% in the first quarter. Eqis Capital Management Inc. now owns 8,702 shares of the aerospace company’s stock worth $282,000 after buying an additional 1,075 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of Bae Systems PLC by 3.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 308,788 shares of the aerospace company’s stock worth $9,924,000 after buying an additional 9,700 shares during the period. Finally, Hartwell J M Limited Partnership acquired a new position in shares of Bae Systems PLC during the first quarter worth about $435,000. Institutional investors and hedge funds own 0.41% of the company’s stock.

Bae Systems PLC Company Profile

BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.

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