Bae Systems PLC (OTCMKTS:BAESY) Receives Average Rating of “Hold” from Brokerages

Bae Systems PLC (OTCMKTS:BAESY) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several brokerages have recently weighed in on BAESY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bae Systems in a research note on Tuesday. Erste Group Bank downgraded Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a research note on Thursday, June 25th. Royal Bank Of Canada initiated coverage on Bae Systems in a research report on Tuesday. They issued a “sector perform” rating on the stock. Finally, Kepler Capital Markets upgraded Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BAESY. GAMMA Investing LLC grew its holdings in Bae Systems by 2.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock worth $389,000 after acquiring an additional 96 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Bae Systems by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company’s stock valued at $1,314,000 after purchasing an additional 115 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Bae Systems by 135.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 2,293 shares during the last quarter. Collaborative Fund Advisors LLC bought a new position in shares of Bae Systems during the first quarter worth about $897,000. Finally, Sterling Capital Management LLC acquired a new position in Bae Systems in the first quarter worth about $1,146,000. 0.21% of the stock is currently owned by institutional investors.

Bae Systems Trading Down 1.5%

Shares of BAESY stock opened at $120.83 on Friday. Bae Systems has a 12 month low of $84.50 and a 12 month high of $126.00. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average price is $104.95 and its two-hundred day moving average price is $110.12.

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.