Bae Systems (OTCMKTS:BAESY) Downgraded by Kepler Capital Markets to “Reduce”

Kepler Capital Markets downgraded shares of Bae Systems (OTCMKTS:BAESY) from a hold rating to a reduce rating in a research note released on Monday morning, MarketBeat.com reports.

BAESY has been the topic of a number of other reports. Berenberg Bank downgraded shares of Bae Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th. Bank of America upgraded shares of Bae Systems from an “underperform” rating to a “buy” rating in a report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bae Systems in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Bae Systems Stock Up 0.7%

OTCMKTS BAESY opened at $103.35 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. Bae Systems has a 12-month low of $56.19 and a 12-month high of $109.82. The firm’s 50 day moving average is $100.71 and its 200-day moving average is $82.63.

Institutional Investors Weigh In On Bae Systems

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Bae Systems by 10,259.0% during the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company’s stock worth $15,282,000 after purchasing an additional 184,046 shares during the period. First Merchants Corp bought a new stake in Bae Systems during the first quarter worth about $4,598,000. L & S Advisors Inc bought a new stake in Bae Systems during the first quarter worth about $1,078,000. Corient IA LLC bought a new stake in Bae Systems during the first quarter worth about $805,000. Finally, Sit Investment Associates Inc. raised its stake in Bae Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.