BAE Systems PLC (BAESY) Given Consensus Rating of “Buy” by Brokerages

Shares of BAE Systems PLC (OTCMKTS:BAESY) have received an average recommendation of “Buy” from the eight ratings firms that are covering the firm. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised BAE Systems PLC from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Jefferies Group LLC reissued a “hold” rating on shares of BAE Systems PLC in a report on Saturday, February 25th.

A number of institutional investors have recently made changes to their positions in the company. Cypress Asset Management Inc. TX boosted its position in shares of BAE Systems PLC by 2.9% in the third quarter. Cypress Asset Management Inc. TX now owns 59,850 shares of the company’s stock worth $1,636,000 after buying an additional 1,700 shares during the period. Logan Capital Management Inc. boosted its position in shares of BAE Systems PLC by 2.2% in the third quarter. Logan Capital Management Inc. now owns 29,364 shares of the company’s stock worth $799,000 after buying an additional 626 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of BAE Systems PLC by 45.8% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 3,500 shares of the company’s stock worth $102,000 after buying an additional 1,100 shares during the period. 0.23% of the stock is currently owned by institutional investors and hedge funds.

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BAE Systems PLC (OTCMKTS:BAESY) opened at 32.905 on Tuesday. The firm’s 50 day moving average price is $31.22 and its 200-day moving average price is $29.33. The company has a market capitalization of $26.11 billion, a PE ratio of 23.504 and a beta of 0.90. BAE Systems PLC has a 12-month low of $24.52 and a 12-month high of $33.00.

About BAE Systems PLC

BAE Systems plc is a defense, aerospace and security company. Its segments include Electronic Systems, which consist of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which consists of its United States-based Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services (US), which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom-based air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana.

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