Bae Systems PLC (OTCMKTS:BAESY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Bae Systems PLC (OTCMKTS:BAESY) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of brokerages have weighed in on BAESY. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Sanford C. Bernstein cut shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Finally, Erste Group Bank started coverage on Bae Systems in a research note on Friday, October 3rd. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. L & S Advisors Inc boosted its stake in Bae Systems by 27.2% during 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. First Merchants Corp boosted its position in shares of Bae Systems by 9.0% during the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock valued at $6,437,000 after acquiring an additional 5,144 shares in the last quarter. GAMMA Investing LLC increased its stake in Bae Systems by 25.6% in the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 578 shares during the period. Rhumbline Advisers lifted its stake in Bae Systems by 19.6% during the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 897 shares during the period. Finally, Ramirez Asset Management Inc. lifted its stake 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 purchasing an additional 1,954 shares during the period. 0.21% of the stock is owned by institutional investors.

Bae Systems Price Performance

BAESY opened at $111.35 on Thursday. Bae Systems has a 1-year low of $58.11 and a 1-year high of $114.90. The business has a 50 day moving average of $95.93 and a 200-day moving average of $99.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84.

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.