BAE Systems (OTCMKTS:BAESY) Rating Lowered to Underperform at BNP Paribas

BNP Paribas cut shares of BAE Systems (OTCMKTS:BAESY) from a neutral rating to an underperform rating in a report published on Friday morning, Briefing.com reports.

A number of other research analysts have also recently commented on the stock. Cheuvreux began coverage on shares of BAE Systems in a report on Thursday, October 14th. They issued a buy rating for the company. Zacks Investment Research downgraded shares of BAE Systems from a hold rating to a sell rating in a research report on Tuesday, October 5th. Kepler Capital Markets began coverage on shares of BAE Systems in a research report on Thursday, October 14th. They issued a buy rating for the company. Finally, JPMorgan Chase & Co. downgraded shares of BAE Systems from a neutral rating to an underweight rating in a research report on Tuesday, December 14th. Four analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $31.00.

Shares of BAESY opened at $31.90 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 0.92. The company’s 50-day moving average is $29.87 and its 200-day moving average is $30.75. BAE Systems has a fifty-two week low of $25.40 and a fifty-two week high of $33.55.

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of BAE Systems by 41.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,801 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 1,118 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in BAE Systems by 6.9% in the second quarter. Parametric Portfolio Associates LLC now owns 655,436 shares of the aerospace company’s stock valued at $19,185,000 after acquiring an additional 42,282 shares during the period. Eubel Brady & Suttman Asset Management Inc. bought a new position in BAE Systems in the second quarter valued at about $25,000. Silvercrest Asset Management Group LLC lifted its holdings in BAE Systems by 0.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 96,420 shares of the aerospace company’s stock valued at $2,781,000 after acquiring an additional 630 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in BAE Systems by 2.9% in the second quarter. Sit Investment Associates Inc. now owns 42,600 shares of the aerospace company’s stock valued at $1,247,000 after acquiring an additional 1,200 shares during the period. 0.25% of the stock is currently owned by institutional investors.

About BAE Systems

BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters.

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