Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Rating of “Hold” by Brokerages

Bae Systems PLC (OTCMKTS:BAESY) has received an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

BAESY has been the topic of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a research note on Thursday, June 25th. Kepler Capital Markets raised Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Erste Group Bank cut Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada began coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They set a “sector perform” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. purchased a new stake in Bae Systems in the fourth quarter worth approximately $98,000. PNC Financial Services Group Inc. raised its stake in 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 buying an additional 140 shares during the last quarter. Riverbridge Partners LLC bought a new position in shares of Bae Systems during the 1st quarter valued at $221,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Bae Systems during the 1st quarter valued at $307,000. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Bae Systems by 30.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,821 shares of the aerospace company’s stock worth $355,000 after buying an additional 883 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Stock Performance

OTCMKTS:BAESY opened at $105.79 on Tuesday. Bae Systems has a 52 week low of $84.50 and a 52 week high of $126.00. The company’s 50 day moving average price is $109.66 and its 200-day moving average price is $110.82. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

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.