Bae Systems (OTCMKTS:BAESY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Bae Systems (OTCMKTS:BAESY) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

BAESY has been the topic of a number of other reports. Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Bae Systems in a report on Friday, September 19th. They issued a “buy” rating on the stock. Finally, Erste Group Bank started coverage on shares of Bae Systems in a research note on Friday, October 3rd. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

OTCMKTS BAESY opened at $110.25 on Tuesday. The stock’s fifty day moving average price is $93.06 and its 200 day moving average price is $98.53. Bae Systems has a 1 year low of $56.76 and a 1 year high of $111.96.

Institutional Investors Weigh In On Bae Systems

A number of institutional investors have recently modified their holdings of BAESY. Arrow Capital Pty Ltd acquired a new position in Bae Systems in the 3rd quarter valued at $5,531,000. First Merchants Corp raised its position in shares of Bae Systems by 9.0% in the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock valued at $6,437,000 after buying an additional 5,144 shares during the last quarter. L & S Advisors Inc lifted its stake in shares of Bae Systems by 27.2% in the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after buying an additional 3,562 shares in the last quarter. Ramirez Asset Management Inc. boosted its position in Bae Systems by 2.9% during the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock worth $7,084,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Bae Systems by 19.6% during the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 897 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.