BAE Systems (OTCMKTS:BAESY) Stock Rating Lowered by Bank of America

BAE Systems (OTCMKTS:BAESY - Get Free Report) was downgraded by Bank of America from a "buy" rating to a "neutral" rating in a note issued to investors on Monday, MarketBeat.com reports.

Separately, BNP Paribas lowered BAE Systems from a "neutral" rating to an "underperform" rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BAE Systems presently has a consensus rating of "Hold" and a consensus price target of $1,142.00.

BAE Systems Stock Performance

OTCMKTS BAESY traded down $1.91 during trading on Monday, hitting $68.40. 303,786 shares of the company traded hands, compared to its average volume of 312,510. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97. The business has a fifty day simple moving average of $67.74 and a 200 day simple moving average of $61.31. BAE Systems has a 12 month low of $46.19 and a 12 month high of $70.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new position in shares of BAE Systems in the 4th quarter worth approximately $18,702,000. Renaissance Group LLC acquired a new position in BAE Systems during the 1st quarter worth $7,239,000. Equitable Trust Co. lifted its holdings in BAE Systems by 0.9% during the 1st quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company's stock worth $3,944,000 after buying an additional 515 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in BAE Systems during the 3rd quarter worth $2,710,000. Finally, AdvisorShares Investments LLC acquired a new position in BAE Systems during the 4th quarter worth $699,000. 0.21% of the stock is owned by institutional investors and hedge funds.

About BAE Systems

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.