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

Bae Systems PLC (OTCMKTS:BAESY) has received an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of research analysts recently weighed in on BAESY shares. Erste Group Bank cut Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Kepler Capital Markets upgraded Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th.

Institutional Trading of Bae Systems

Several large investors have recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in shares of Bae Systems in the fourth quarter valued at $98,000. PNC Financial Services Group Inc. increased its stake in 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. Riverbridge Partners LLC acquired a new position in Bae Systems in the 1st quarter worth $221,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Bae Systems in the 1st quarter worth $307,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Bae Systems in the 4th quarter valued at about $250,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

Bae Systems Price Performance

Shares of OTCMKTS:BAESY opened at $105.06 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87. The stock’s 50-day moving average price is $101.88 and its two-hundred day moving average price is $109.58. Bae Systems has a 12-month low of $84.50 and a 12-month high of $126.00.

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.