S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10

BAE Systems (OTCMKTS:BAESY) Coverage Initiated at Cheuvreux

Thursday, October 14, 2021 | MarketBeat

Equities research analysts at Cheuvreux assumed coverage on shares of BAE Systems (OTCMKTS:BAESY) in a report released on Thursday, The Fly reports. The brokerage set a "buy" rating on the aerospace company's stock.

A number of other analysts have also recently weighed in on the company. Morgan Stanley reissued an "overweight" rating on shares of BAE Systems in a research report on Friday, July 30th. Kepler Capital Markets assumed coverage on BAE Systems in a research report on Thursday. They issued a "buy" rating for the company. JPMorgan Chase & Co. cut BAE Systems from an "overweight" rating to a "neutral" rating in a research report on Wednesday, August 4th. Zacks Investment Research cut BAE Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, October 5th. Finally, UBS Group reaffirmed a "neutral" rating on shares of BAE Systems in a research report on Monday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $31.00.

Shares of BAE Systems stock traded up $0.29 during trading on Thursday, reaching $33.01. The company's stock had a trading volume of 827,442 shares, compared to its average volume of 246,096. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 1.01. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.31 and a beta of 1.23. BAE Systems has a 1-year low of $20.67 and a 1-year high of $33.06. The company has a 50-day simple moving average of $31.44 and a two-hundred day simple moving average of $30.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eubel Brady & Suttman Asset Management Inc. purchased a new position in shares of BAE Systems during the 2nd quarter valued at about $25,000. Captrust Financial Advisors increased its stake in shares of BAE Systems by 8.7% in the 1st quarter. Captrust Financial Advisors now owns 5,554 shares of the aerospace company's stock valued at $157,000 after purchasing an additional 443 shares in the last quarter. Todd Asset Management LLC purchased a new position in shares of BAE Systems in the 2nd quarter valued at about $1,086,000. Sit Investment Associates Inc. increased its stake in shares of BAE Systems by 2.9% in the 2nd quarter. Sit Investment Associates Inc. now owns 42,600 shares of the aerospace company's stock valued at $1,247,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Rodgers Brothers Inc. purchased a new position in shares of BAE Systems in the 1st quarter valued at about $1,285,000. Institutional investors and hedge funds own 0.33% of the company's stock.

About BAE Systems

BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters.

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Analyst Recommendations for BAE Systems (OTCMKTS:BAESY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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