Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bae Systems PLC (OTCMKTS:BAESY) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several research analysts have recently commented on BAESY shares. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Bae Systems in a report on Wednesday. Finally, Sanford C. Bernstein cut shares of Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 6th.

Bae Systems Stock Performance

OTCMKTS:BAESY opened at $117.58 on Monday. Bae Systems has a one year low of $63.23 and a one year high of $118.00. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $104.19 and a 200 day moving average price of $100.29.

Institutional Trading of Bae Systems

A number of institutional investors have recently bought and sold shares of BAESY. Hantz Financial Services Inc. increased its stake in Bae Systems by 73.0% in 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. PNC Financial Services Group Inc. lifted its position in 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 acquiring an additional 140 shares during the last quarter. Rhumbline Advisers boosted its stake in Bae Systems by 2.9% in the second 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. RNC Capital Management LLC grew its holdings in shares of Bae Systems by 4.2% during the fourth quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock worth $525,000 after purchasing an additional 227 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in shares of Bae Systems by 3,150.0% during the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 252 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.