Bae Systems PLC (OTCMKTS:BAESY) Given Average Rating of “Moderate Buy” by Brokerages

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

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

Hedge Funds Weigh In On Bae Systems

Institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC increased its holdings in Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 252 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of 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 purchasing an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Bae Systems in the third quarter worth about $44,000. First Horizon Advisors Inc. lifted its position in shares of Bae Systems by 68.7% in the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock worth $110,000 after buying an additional 426 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Bae Systems during the fourth quarter valued at approximately $250,000. 0.21% of the stock is owned by hedge funds and other institutional investors.

Bae Systems Price Performance

Shares of BAESY stock opened at $111.37 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96. Bae Systems has a one year low of $58.11 and a one year high of $114.90. The company’s fifty day moving average price is $97.64 and its 200-day moving average price is $99.36.

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.