Bae Systems PLC (OTCMKTS:BAESY) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• BAE Systems has a consensus “Hold” rating from eight brokerages: five analysts recommend holding the stock, while three rate it a buy.
• Recent analyst actions were mixed, including a Kepler Capital Markets upgrade to “Buy,” an Erste Group downgrade to “Hold,” and reaffirmed or newly initiated neutral ratings from other firms.
• BAESY opened at $105.79, below its 50-day and 200-day moving averages, with a one-year trading range of $84.50 to $126.00. Institutional investors own only 0.21% of the company.

Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several brokerages have recently issued reports on BAESY. Kepler Capital Markets raised Bae Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Bae Systems in a research note on Tuesday, August 11th. Morgan Stanley reiterated an "overweight" rating on shares of Bae Systems in a report on Thursday, June 25th. Royal Bank Of Canada began coverage on shares of Bae Systems in a report on Tuesday, August 11th. They set a "sector perform" rating on the stock. Finally, Erste Group Bank lowered shares of Bae Systems from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th.

Bae Systems Price Performance

Shares of BAESY opened at $105.79 on Tuesday. The company has a 50-day simple moving average of $109.66 and a two-hundred day simple moving average of $110.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. Bae Systems has a one year low of $84.50 and a one year high of $126.00.

Hedge Funds Weigh In On Bae Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Collaborative Fund Advisors LLC bought a new stake in shares of Bae Systems in the 1st quarter worth approximately $897,000. Sterling Capital Management LLC bought a new position in Bae Systems during the 1st quarter valued at approximately $1,146,000. Confluence Investment Management LLC raised its stake in Bae Systems by 0.9% during the second quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company's stock valued at $1,314,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Bae Systems by 2.5% in the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company's stock worth $389,000 after acquiring an additional 96 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Bae Systems by 2.9% during the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock valued at $593,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 0.21% of the company's stock.

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.

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