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

Shares of Bae Systems PLC (OTCMKTS:BAESY) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of equities analysts recently weighed in on BAESY shares. Jefferies Financial Group reissued a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research 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 report on Tuesday, January 6th.

Bae Systems Price Performance

Shares of Bae Systems stock opened at $123.30 on Friday. Bae Systems has a 12-month low of $76.01 and a 12-month high of $123.70. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $111.53 and its 200-day moving average is $102.53.

Institutional Trading of Bae Systems

Hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC boosted its position in shares of Bae Systems by 3,150.0% in the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after buying an additional 252 shares during the period. Hantz Financial Services Inc. raised its position in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after buying an additional 138 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Bae Systems in the 3rd quarter worth about $44,000. Atlas Capital Advisors Inc. acquired a new stake in Bae Systems during the 4th quarter worth about $98,000. Finally, PNC Financial Services Group Inc. grew its stake in Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.