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

Bae Systems PLC (OTCMKTS:BAESY) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several equities analysts have weighed in on BAESY shares. Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a report on Thursday. Kepler Capital Markets upgraded Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday.

Bae Systems Price Performance

OTCMKTS BAESY opened at $95.60 on Thursday. The company has a fifty day moving average of $106.59 and a 200 day moving average of $108.29. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99.

Institutional Trading of Bae Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Altrius Capital Management Inc grew its stake in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after buying an additional 4,911 shares during the period. Ramirez Asset Management Inc. lifted its holdings in Bae Systems by 6.8% during the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after buying an additional 4,527 shares during the last quarter. First Merchants Corp lifted its position 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 worth $7,940,000 after buying an additional 854 shares during the last quarter. Arrow Capital Pty Ltd acquired a new position in shares of Bae Systems in the 3rd quarter worth approximately $5,531,000. Finally, Sit Investment Associates Inc. grew its stake in shares of Bae Systems by 2.6% in the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock worth $3,295,000 after purchasing an additional 910 shares during the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.