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

Bae Systems PLC (OTCMKTS:BAESY) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research analysts have commented on the stock. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BAESY. Rhumbline Advisers lifted its stake in shares of Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 158 shares during the last quarter. First Merchants Corp grew its position in Bae Systems by 3.6% during the 4th quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after acquiring an additional 2,338 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Bae Systems in the 4th quarter worth approximately $250,000. Altrius Capital Management Inc lifted its position in Bae Systems by 5.5% in the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after purchasing an additional 4,911 shares during the last quarter. Finally, RNC Capital Management LLC lifted its position in Bae Systems by 4.2% in the fourth quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock valued at $525,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Bae Systems Stock Performance

OTCMKTS:BAESY opened at $100.99 on Monday. The business has a 50 day moving average of $101.84 and a 200 day moving average of $109.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. Bae Systems has a 1-year low of $84.50 and a 1-year high of $126.00.

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.