Bae Systems (OTCMKTS:BAESY) Upgraded by Kepler Capital Markets to Buy Rating

Bae Systems (OTCMKTS:BAESY) was upgraded by Kepler Capital Markets from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Bae Systems Stock Performance

Shares of OTCMKTS BAESY opened at $96.17 on Wednesday. The stock’s 50 day moving average price is $107.11 and its 200-day moving average price is $108.25. 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 twelve month low of $84.50 and a twelve month high of $126.00.

Institutional Trading of Bae Systems

Institutional investors have recently added to or reduced their stakes in the stock. Arrow Capital Pty Ltd purchased a new stake in shares of Bae Systems in the third quarter worth about $5,531,000. Altrius Capital Management Inc raised its position in shares of Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after acquiring an additional 4,911 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Bae Systems during the 4th quarter valued at $250,000. First Merchants Corp boosted its position in shares of Bae Systems by 3.6% in the 4th quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after purchasing an additional 2,338 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in Bae Systems by 4.7% in the fourth quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock worth $1,188,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About Bae Systems

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.