Bae Systems PLC (OTCMKTS:BAESY) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $38.00.

BAESY has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Bae Systems from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, September 13th. UBS Group upgraded shares of Bae Systems from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, Berenberg Bank cut shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd.

Hedge funds have recently added to or reduced their stakes in the business. Schafer Cullen Capital Management Inc. boosted its holdings in Bae Systems by 4.3% during the second quarter. Schafer Cullen Capital Management Inc. now owns 2,400,486 shares of the aerospace company’s stock valued at $80,512,000 after acquiring an additional 98,655 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Bae Systems by 7.9% during the third quarter. Parametric Portfolio Associates LLC now owns 543,682 shares of the aerospace company’s stock valued at $18,757,000 after acquiring an additional 39,716 shares during the period. Logan Capital Management Inc. boosted its holdings in Bae Systems by 1.7% during the second quarter. Logan Capital Management Inc. now owns 30,395 shares of the aerospace company’s stock valued at $1,001,000 after acquiring an additional 503 shares during the period. Finally, Ranger International Management LP bought a new stake in Bae Systems during the second quarter valued at about $500,000. Institutional investors own 0.44% of the company’s stock.

Shares of Bae Systems (OTCMKTS:BAESY) traded up $0.14 during trading hours on Wednesday, reaching $31.58. 15,472 shares of the company were exchanged, compared to its average volume of 182,938. Bae Systems has a 12-month low of $28.51 and a 12-month high of $35.23. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.87.

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About Bae Systems

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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