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

Shares of Bae Systems PLC (OTCMKTS:BAESY) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

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

Institutional Trading of Bae Systems

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Bae Systems by 19.6% in 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 during the last quarter. GAMMA Investing LLC raised its position in Bae Systems by 25.6% during the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 578 shares during the period. First Merchants Corp lifted its stake in shares of Bae Systems by 9.0% in the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock valued at $6,437,000 after purchasing an additional 5,144 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Bae Systems by 2.9% in the 2nd 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. Finally, Yousif Capital Management LLC boosted its holdings in shares of Bae Systems by 8.1% in the 2nd quarter. Yousif Capital Management LLC now owns 9,238 shares of the aerospace company’s stock worth $955,000 after purchasing an additional 690 shares during the period. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Bae Systems Price Performance

OTCMKTS:BAESY opened at $110.85 on Thursday. The business’s 50-day moving average is $96.84 and its 200 day moving average is $99.20. Bae Systems has a 12 month low of $58.11 and a 12 month high of $114.90. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

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.