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

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

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th.

Bae Systems Stock Up 0.5%

Shares of BAESY opened at $113.35 on Friday. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00. The business’s 50 day simple moving average is $118.11 and its 200-day simple moving average is $106.13. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On Bae Systems

Large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC increased its position in shares of Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Bae Systems by 73.0% during the 3rd 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 during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Bae Systems during the 3rd quarter valued at approximately $44,000. Atlas Capital Advisors Inc. bought a new position in shares of Bae Systems during the 4th quarter valued at approximately $98,000. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 purchasing an additional 140 shares during the last quarter. 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.