Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Rating of "Moderate Buy" by Analysts
Bae Systems PLC (OTCMKTS:BAESY) has received a consensus rating of "Moderate Buy" from six research firms. One analyst rated it as a sell, one as hold, and four as buy. Recent changes in ratings include Bank of America upgrading it to buy, while Kepler Capital Markets downgraded it to reduce. Institutional investors have also increased their stakes in the company. Bae Systems shares traded at $106.63, with a 52-week range of $56.19 to $111.71.
Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company.
- Semiconductor stocks soar on federal funding, hope for rate cuts
Several research firms have recently weighed in on BAESY. Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th. Kepler Capital Markets downgraded Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. The Goldman Sachs Group assumed coverage on Bae Systems in a report on Friday. They set a "buy" rating on the stock. Finally, Jefferies Financial Group raised shares of Bae Systems from a "hold" rating to a "buy" rating in a research report on Friday, August 1st.
Get Our Latest Report on Bae Systems
Institutional Trading of Bae Systems
Several large investors have recently made changes to their positions in BAESY. Rhumbline Advisers increased its position in Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock valued at $593,000 after buying an additional 158 shares in the last quarter. RNC Capital Management LLC increased its holdings in shares of Bae Systems by 2.1% during the first quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company's stock valued at $683,000 after acquiring an additional 168 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Bae Systems by 49.4% during the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock worth $51,000 after purchasing an additional 205 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of Bae Systems by 3.9% in the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock worth $1,199,000 after purchasing an additional 427 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Bae Systems by 26.0% during the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock valued at $186,000 after purchasing an additional 466 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors and hedge funds.
Bae Systems Price Performance
Shares of BAESY traded down $0.01 during trading hours on Friday, hitting $106.63. 39,900 shares of the stock were exchanged, compared to its average volume of 460,982. Bae Systems has a fifty-two week low of $56.19 and a fifty-two week high of $111.71. The business has a 50-day moving average of $98.96 and a 200-day moving average of $95.81. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.
Bae Systems Company Profile
(Get Free Report)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.
Featured Stories
- Five stocks we like better than Bae Systems
- High Flyers: 3 Natural Gas Stocks for March 2022
- 3 Energy Stocks That Could Benefit from Geopolitical Tensions
- Insider Trading - What You Need to Know
- 3 Reasons Amazon Could Be at an All-Time High by October
- Overbought Stocks Explained: Should You Trade Them?
- Workday Rising… To Fresh Record High Stock Prices
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 contact@marketbeat.com.
Should You Invest $1,000 in Bae Systems Right Now?
Before you consider Bae Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bae Systems wasn't on the list.
While Bae Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
