Bae Systems (OTCMKTS:BAESY) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• BAE Systems shares crossed above their 200-day moving average, reaching $112.22 before last trading at $110.90, compared with a 200-day average of $109.35.
• Analysts maintain a generally cautious outlook: the stock has a consensus “Hold” rating from eight analysts and a consensus price target of $113.00.
• Institutional investors made modestly positive adjustments to their holdings, but hedge funds and other institutions collectively own only 0.21% of the stock.

Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $109.35 and traded as high as $112.22. Bae Systems shares last traded at $110.90, with a volume of 255,384 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on BAESY shares. Royal Bank Of Canada began coverage on shares of Bae Systems in a research report on Tuesday, August 11th. They issued a "sector perform" rating for the company. BNP Paribas Exane began coverage on Bae Systems in a research note on Thursday, September 10th. They issued a "neutral" rating and a $113.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Bae Systems in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Bae Systems currently has a consensus rating of "Hold" and a consensus price target of $113.00.

Bae Systems Price Performance

The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock's fifty day simple moving average is $105.80 and its 200 day simple moving average is $109.35.

Institutional Investors Weigh In On Bae Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its position in Bae Systems by 1.5% during the third quarter. Sterling Capital Management LLC now owns 9,230 shares of the aerospace company's stock valued at $960,000 after purchasing an additional 134 shares in the last quarter. Henry James International Management Inc. grew its holdings in Bae Systems by 15.8% during the third quarter. Henry James International Management Inc. now owns 30,099 shares of the aerospace company's stock valued at $3,131,000 after purchasing an additional 4,102 shares during the period. GAMMA Investing LLC grew its holdings in Bae Systems by 11.6% during the third quarter. GAMMA Investing LLC now owns 4,428 shares of the aerospace company's stock valued at $459,000 after purchasing an additional 459 shares during the period. Confluence Investment Management LLC increased its position in Bae Systems by 0.9% in the third quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company's stock worth $1,403,000 after buying an additional 117 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Bae Systems by 135.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company's stock worth $464,000 after buying an additional 2,293 shares in the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Bae Systems Company Profile

BAE Systems plc is a United Kingdom-based defense, aerospace and security company that develops and supports technologies for governments and military customers. Its activities include the design, manufacture and maintenance of combat aircraft, naval vessels, armored vehicles, artillery systems, electronic warfare equipment, command-and-control systems, and secure communications technologies.

The company also provides cybersecurity, intelligence, surveillance and reconnaissance services, as well as advanced electronics, sensors, precision weapons and space-related technologies.

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