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

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

BAESY has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report 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.

Institutional Investors Weigh In On Bae Systems

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Bae Systems by 2.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock worth $389,000 after acquiring an additional 96 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Bae Systems by 0.9% during the 2nd quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company’s stock worth $1,314,000 after purchasing an additional 115 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Bae Systems by 135.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 2,293 shares in the last quarter. Collaborative Fund Advisors LLC bought a new position in shares of Bae Systems in the first quarter worth $897,000. Finally, Sterling Capital Management LLC bought a new position in shares of Bae Systems in the first quarter worth $1,146,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

Bae Systems Stock Performance

BAESY opened at $105.06 on Monday. Bae Systems has a fifty-two week low of $84.50 and a fifty-two 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 stock has a fifty day moving average of $101.88 and a 200-day moving average of $109.52.

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.