Zacks Investment Research lowered shares of BAE Systems PLC (OTCMKTS:BAESY) from a hold rating to a sell rating in a research note published on Tuesday morning.

According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “

Separately, Jefferies Group LLC reissued a hold rating on shares of BAE Systems PLC in a research note on Saturday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BAE Systems PLC presently has a consensus rating of Buy and an average price target of $33.00.

BAE Systems PLC (OTCMKTS:BAESY) opened at 32.11 on Tuesday. BAE Systems PLC has a 1-year low of $24.52 and a 1-year high of $33.02. The company’s 50 day moving average is $32.19 and its 200-day moving average is $29.85. The firm has a market cap of $25.48 billion, a price-to-earnings ratio of 22.42 and a beta of 0.90.

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A number of large investors have recently modified their holdings of the stock. Paradigm Asset Management Co. LLC increased its stake in shares of BAE Systems PLC by 45.8% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 3,500 shares of the aerospace company’s stock valued at $102,000 after buying an additional 1,100 shares during the last quarter. Cypress Asset Management Inc. TX increased its stake in shares of BAE Systems PLC by 2.9% in the third quarter. Cypress Asset Management Inc. TX now owns 59,850 shares of the aerospace company’s stock valued at $1,636,000 after buying an additional 1,700 shares during the last quarter. Finally, Hartwell J M Limited Partnership purchased a new stake in shares of BAE Systems PLC during the first quarter valued at approximately $435,000. 0.23% of the stock is owned by hedge funds and other institutional investors.

BAE Systems PLC Company Profile

BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.

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