Bae Systems PLC (OTCMKTS:BAESY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bae Systems PLC (OTCMKTS:BAESY) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

BAESY has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein cut shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th.

Institutional Trading of Bae Systems

A number of hedge funds have recently bought and sold shares of the stock. Collaborative Fund Advisors LLC bought a new stake in Bae Systems in the 1st quarter valued at $897,000. Sterling Capital Management LLC bought a new stake in Bae Systems in the 1st quarter valued at $1,146,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Bae Systems in the 1st quarter valued at $307,000. Riverbridge Partners LLC bought a new stake in Bae Systems in the 1st quarter valued at $221,000. Finally, First Merchants Corp boosted its holdings in Bae Systems by 1.3% in the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock valued at $7,940,000 after purchasing an additional 854 shares during the period. 0.21% of the stock is owned by institutional investors.

Bae Systems Price Performance

OTCMKTS BAESY opened at $111.55 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $118.26 and a 200 day simple moving average of $105.94. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00.

Bae Systems Company Profile

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.