Bae Systems (OTCMKTS:BAESY) Stock Rating Upgraded by Kepler Capital Markets

Bae Systems (OTCMKTS:BAESY) was upgraded by equities research analysts at Kepler Capital Markets from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group initiated coverage on Bae Systems in a research report on Friday, September 19th. They set a “buy” rating on the stock. Erste Group Bank initiated coverage on Bae Systems in a research note on Friday, October 3rd. They set a “buy” rating for the company. Finally, Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bae Systems Trading Up 2.3%

Shares of Bae Systems stock opened at $103.50 on Tuesday. The firm has a 50-day simple moving average of $92.69 and a two-hundred day simple moving average of $98.40. Bae Systems has a fifty-two week low of $56.76 and a fifty-two week high of $111.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. L & S Advisors Inc grew its holdings in shares of Bae Systems by 27.2% during the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after buying an additional 3,562 shares in the last quarter. First Merchants Corp lifted its stake in shares of Bae Systems by 9.0% in the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after buying an additional 5,144 shares in the last quarter. GAMMA Investing LLC boosted its position in Bae Systems by 25.6% during the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 578 shares during the last quarter. Rhumbline Advisers grew its stake in Bae Systems by 19.6% during the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 897 shares in the last quarter. Finally, Ramirez Asset Management Inc. raised its holdings in Bae Systems by 2.9% in the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock valued at $7,084,000 after acquiring an additional 1,954 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.