Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $110.49 and last traded at $110.32, with a volume of 86264 shares traded. The stock had previously closed at $108.08.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BAESY. The Goldman Sachs Group began coverage on shares of Bae Systems in a report on Friday. They issued a "buy" rating on the stock. Bank of America raised shares of Bae Systems from an "underperform" rating to a "buy" rating in a report on Tuesday, June 10th. Kepler Capital Markets cut shares of Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. Finally, Jefferies Financial Group raised shares of Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on Bae Systems
Bae Systems Stock Down 0.6%
The firm's 50-day simple moving average is $99.02 and its 200-day simple moving average is $95.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95.
Institutional Trading of Bae Systems
Several institutional investors have recently added to or reduced their stakes in BAESY. GAMMA Investing LLC raised its stake in Bae Systems by 10,259.0% in the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock worth $15,282,000 after buying an additional 184,046 shares in the last quarter. First Merchants Corp bought a new position in Bae Systems in the first quarter worth about $4,598,000. L & S Advisors Inc bought a new position in Bae Systems in the first quarter worth about $1,078,000. Corient IA LLC bought a new position in Bae Systems in the first quarter worth about $805,000. Finally, HighPoint Advisor Group LLC bought a new position in Bae Systems in the first quarter worth about $185,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.
About Bae Systems
(
Get Free Report)
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.
Read More
Before you consider Bae Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bae Systems wasn't on the list.
While Bae Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
