Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) have been given a consensus rating of "Hold" by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
A number of research firms have recently commented on BAESY. Morgan Stanley restated an "overweight" rating on shares of Bae Systems in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Bae Systems in a research report on Tuesday. Royal Bank Of Canada started coverage on shares of Bae Systems in a research report on Tuesday. They set a "sector perform" rating on the stock. Erste Group Bank downgraded shares of Bae Systems from a "buy" rating to a "hold" rating in a research note 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.
Check Out Our Latest Research Report on BAESY
Bae Systems Stock Down 1.5%
Shares of BAESY opened at $120.83 on Friday. 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 $104.95 and its 200 day simple moving average is $110.12.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. purchased a new stake in shares of Bae Systems in the fourth quarter worth about $98,000. PNC Financial Services Group Inc. raised its holdings in shares of Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company's stock valued at $157,000 after buying an additional 140 shares during the period. Riverbridge Partners LLC acquired a new position in Bae Systems during the 1st quarter worth approximately $221,000. Kingswood Wealth Advisors LLC purchased a new position in Bae Systems in the 4th quarter worth approximately $250,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Bae Systems in the first quarter valued at approximately $307,000. 0.21% of the stock is owned by hedge funds and other institutional investors.
About Bae Systems
(
Get Free Report)
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.
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