Bae Systems (OTCMKTS:BAESY) Hits New 12-Month High – Should You Buy?

Shares of Bae Systems PLC (OTCMKTS:BAESY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $115.76 and last traded at $115.5940, with a volume of 42161 shares. The stock had previously closed at $110.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on BAESY. Kepler Capital Markets raised Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Jefferies Financial Group cut shares of Bae Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Bae Systems has a consensus rating of “Moderate Buy”.

Bae Systems Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average is $102.70 and its two-hundred day moving average is $99.92.

Hedge Funds Weigh In On Bae Systems

Hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC increased its position in 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 purchasing an additional 252 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Bae Systems by 73.0% in the 3rd 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 shares of Bae Systems in the third quarter valued at approximately $44,000. Atlas Capital Advisors Inc. bought a new position in shares of Bae Systems during the 4th quarter worth $98,000. Finally, First Horizon Advisors Inc. increased its position in Bae Systems by 68.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 426 shares during the period. 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.