Bae Systems PLC (OTCMKTS:BAESY) Receives Average Rating of “Hold” from Brokerages

Bae Systems PLC (OTCMKTS:BAESY) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $113.00.

Several research firms recently weighed in on BAESY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bae Systems in a research report on Tuesday, August 11th. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. BNP Paribas Exane initiated coverage on shares of Bae Systems in a research report on Thursday. They set a “neutral” rating and a $113.00 price target on the stock. Erste Group Bank cut shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th.

Bae Systems Price Performance

BAESY opened at $104.51 on Tuesday. Bae Systems has a 52-week low of $84.50 and a 52-week high of $126.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87. The business’s fifty day moving average is $109.66 and its 200-day moving average is $110.37.

Institutional Trading of Bae Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Ramirez Asset Management Inc. grew its position in Bae Systems by 6.8% in the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after acquiring an additional 4,527 shares during the last quarter. First Merchants Corp raised its stake in Bae Systems by 1.3% during the first quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after acquiring an additional 854 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of Bae Systems by 2.6% in the fourth quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock worth $3,295,000 after acquiring an additional 910 shares during the last quarter. L & S Advisors Inc boosted its stake in shares of Bae Systems by 14.1% in the 4th quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock valued at $1,998,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of Bae Systems by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company’s stock valued at $1,314,000 after purchasing an additional 115 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors.

About Bae Systems

BAE Systems plc is a British multinational defense, aerospace and security company. It provides technologies, products and services for governments, armed forces and commercial customers, with activities spanning air, land, sea, space, cybersecurity and intelligence.

The company develops and supports combat aircraft systems, electronic warfare and communications equipment, precision weapons, munitions, armored vehicles, naval ships and submarines. It also provides mission systems, command-and-control technologies, cybersecurity services, engineering, maintenance and long-term support for defense platforms.

BAE Systems was formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems.