Bae Systems (OTCMKTS:BAESY) Reaches New 1-Year High – Time to Buy?

Bae Systems PLC (OTCMKTS:BAESY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $118.95 and last traded at $116.48, with a volume of 514389 shares traded. The stock had previously closed at $117.5750.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein cut shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bae Systems currently has an average rating of “Moderate Buy”.

Bae Systems Trading Down 0.9%

The company has a 50 day moving average of $104.72 and a 200-day moving average of $100.44. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 0.64.

Institutional Investors Weigh In On Bae Systems

Several hedge funds have recently added to or reduced their stakes in BAESY. Salomon & Ludwin LLC grew its stake in shares of Bae Systems by 3,150.0% in the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 252 shares during the last quarter. Hantz Financial Services Inc. grew its position in Bae Systems by 73.0% during the 3rd 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. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Bae Systems during the third quarter valued at approximately $44,000. Atlas Capital Advisors Inc. bought a new stake in shares of Bae Systems in the 4th quarter worth $98,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Bae Systems by 68.7% in the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 426 shares during the last quarter. 0.21% of the stock is owned by 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.