Bae Systems PLC (OTCMKTS:BAESY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bae Systems PLC (OTCMKTS:BAESY) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $113.00.

BAESY has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. BNP Paribas Exane assumed coverage on shares of Bae Systems in a report on Thursday. They set a “neutral” rating and a $113.00 target price on the stock. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada initiated coverage on shares of Bae Systems in a report on Tuesday, August 11th. They set a “sector perform” rating on the stock.

Bae Systems Price Performance

Shares of BAESY stock opened at $102.76 on Tuesday. The business’s 50-day moving average price is $109.74 and its 200-day moving average price is $110.51. Bae Systems has a 12 month low of $84.50 and a 12 month high of $126.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Bae Systems by 2.5% in the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock valued at $389,000 after buying an additional 96 shares during the period. Confluence Investment Management LLC boosted its holdings in shares of Bae Systems by 0.9% during the 2nd quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company’s stock worth $1,314,000 after buying an additional 115 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 worth $157,000 after buying an additional 140 shares during the period. Rhumbline Advisers increased its stake in shares of Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 158 shares in the last quarter. Finally, First Merchants Corp increased its stake in shares of 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 acquiring an additional 854 shares in the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Company Profile

BAE Systems plc is a British multinational defense, aerospace and security company. It provides technologies, products and services for governments, armed forces and commercial customers, with activities spanning air, land, sea, space, cybersecurity and intelligence.

The company develops and supports combat aircraft systems, electronic warfare and communications equipment, precision weapons, munitions, armored vehicles, naval ships and submarines. It also provides mission systems, command-and-control technologies, cybersecurity services, engineering, maintenance and long-term support for defense platforms.

BAE Systems was formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems.