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

Bae Systems PLC (OTCMKTS:BAESY) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company.

A number of equities analysts have recently weighed in on BAESY shares. Kepler Capital Markets downgraded shares of Bae Systems from a “hold” rating to a “reduce” rating in a research note on Monday, July 7th. Erste Group Bank started coverage on Bae Systems in a research note on Friday, October 3rd. They issued a “buy” rating for the company. Jefferies Financial Group upgraded Bae Systems from a “hold” rating to a “buy” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Bae Systems in a research note on Friday, September 19th. They issued a “buy” rating for the company.

Bae Systems Trading Up 1.5%

Bae Systems stock opened at $100.50 on Tuesday. Bae Systems has a twelve month low of $56.19 and a twelve month high of $111.96. The firm’s 50 day moving average price is $102.23 and its two-hundred day moving average price is $99.44.

Hedge Funds Weigh In On Bae Systems

Hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its holdings in Bae Systems by 49.4% during the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock valued at $51,000 after buying an additional 205 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in shares of Bae Systems by 116.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 1,024 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Bae Systems during the 1st quarter valued at about $185,000. GAMMA Investing LLC raised its stake in shares of Bae Systems by 26.0% in the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock valued at $186,000 after acquiring an additional 466 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Bae Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 897 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

About Bae Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.