Bae Systems (OTCMKTS:BAESY) Downgraded to Hold Rating by Erste Group Bank

Bae Systems (OTCMKTS:BAESY) was downgraded by research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research analysts have also recently weighed in on BAESY. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a report on Thursday. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

Shares of OTCMKTS:BAESY opened at $95.60 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. The stock’s fifty day simple moving average is $106.59 and its two-hundred day simple moving average is $108.29. Bae Systems has a 1-year low of $84.50 and a 1-year high of $126.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BAESY. PNC Financial Services Group Inc. raised its holdings in Bae Systems by 135.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock valued at $464,000 after acquiring an additional 2,293 shares during the period. Collaborative Fund Advisors LLC bought a new position in shares of Bae Systems in the first quarter worth $897,000. Sterling Capital Management LLC purchased a new position in shares of Bae Systems in the first quarter valued at $1,146,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Bae Systems in the first quarter valued at $307,000. Finally, Riverbridge Partners LLC bought a new stake in shares of Bae Systems during the 1st quarter valued at $221,000. 0.21% of the stock is owned by 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.