Bae Systems PLC (OTCMKTS:BAESY) Given Average Recommendation of “Hold” by Brokerages

Bae Systems PLC (OTCMKTS:BAESY) has received an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research firms recently weighed in on BAESY. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bae Systems in a research note on Tuesday, August 11th. Kepler Capital Markets upgraded Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada started coverage on Bae Systems in a report on Tuesday, August 11th. They issued a “sector perform” rating on the stock.

Institutional Trading of Bae Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors Inc. acquired a new stake in shares of Bae Systems during the fourth quarter worth about $98,000. PNC Financial Services Group Inc. grew its holdings in shares of Bae Systems by 9.0% in the fourth 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 in the last quarter. Riverbridge Partners LLC acquired a new position in shares of Bae Systems in the first quarter valued at approximately $221,000. Kingswood Wealth Advisors LLC purchased a new stake in Bae Systems during the 4th quarter worth approximately $250,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Bae Systems during the 1st quarter worth approximately $307,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Bae Systems Price Performance

Bae Systems stock opened at $120.49 on Friday. The company’s 50 day simple moving average is $106.00 and its 200-day simple moving average is $110.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00.

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.