Bae Systems PLC (OTCMKTS:BAESY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Bae Systems PLC (OTCMKTS:BAESY) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of brokerages have issued reports on BAESY. Kepler Capital Markets raised Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th.

Hedge Funds Weigh In On Bae Systems

Large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC grew its stake in shares of Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 252 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Bae Systems by 73.0% during the third 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 stake in Bae Systems during the third quarter worth approximately $44,000. Atlas Capital Advisors Inc. acquired a new position in Bae Systems in the fourth quarter worth approximately $98,000. Finally, PNC Financial Services Group Inc. increased 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 buying an additional 140 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Trading Up 2.8%

OTCMKTS BAESY opened at $123.30 on Friday. Bae Systems has a 12 month low of $76.01 and a 12 month high of $123.70. The company’s 50 day simple moving average is $111.53 and its 200 day simple moving average is $102.53. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

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.