Jefferies Financial Group upgraded shares of Bae Systems (OTCMKTS:BAESY - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat.com reports.
Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Bae Systems in a research note on Monday, April 28th. Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. Finally, Kepler Capital Markets cut Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bae Systems has a consensus rating of "Hold".
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Bae Systems Trading Up 2.7%
Shares of OTCMKTS BAESY traded up $2.54 on Friday, hitting $98.15. The company had a trading volume of 262,899 shares, compared to its average volume of 211,679. Bae Systems has a 12-month low of $56.19 and a 12-month high of $109.82. The business has a 50 day moving average of $102.78 and a two-hundred day moving average of $87.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85.
Institutional Trading of Bae Systems
Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Bae Systems by 10,259.0% during the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock valued at $15,282,000 after buying an additional 184,046 shares in the last quarter. Ramirez Asset Management Inc. raised its stake in Bae Systems by 2.9% during the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company's stock valued at $7,084,000 after buying an additional 1,954 shares in the last quarter. First Merchants Corp raised its stake in Bae Systems by 9.0% during the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company's stock valued at $6,437,000 after buying an additional 5,144 shares in the last quarter. Sit Investment Associates Inc. raised its stake in Bae Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock valued at $3,166,000 after buying an additional 2,285 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in Bae Systems during the first quarter valued at approximately $1,078,000. Institutional investors and hedge funds own 0.21% of the company's stock.
About Bae Systems
(
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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.
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