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

Shares of Bae Systems PLC (OTCMKTS:BAESY) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

BAESY has been the topic of a number of research reports. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. Erste Group Bank cut Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th.

Bae Systems Stock Up 1.8%

Shares of BAESY opened at $99.68 on Thursday. Bae Systems has a twelve month low of $84.50 and a twelve month high of $126.00. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $104.05 and its 200 day simple moving average is $108.48.

Hedge Funds Weigh In On Bae Systems

Hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors Inc. purchased a new stake in Bae Systems during the 4th quarter worth $98,000. PNC Financial Services Group Inc. raised its position in Bae Systems by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after purchasing an additional 140 shares during the period. Riverbridge Partners LLC purchased a new position in Bae Systems in the first quarter valued at about $221,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Bae Systems during the fourth quarter worth about $250,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Bae Systems in the first quarter worth about $307,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.