Zacks Investment Research lowered shares of BAE SYS PLC/S (OTCMKTS:BAESY) from a hold rating to a sell rating in a report issued on Wednesday.
According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “
Several other equities analysts have also commented on BAESY. Barclays raised shares of BAE SYS PLC/S from an underweight rating to an equal weight rating in a report on Tuesday, January 15th. Raymond James raised shares of BAE SYS PLC/S from an underperform rating to a market perform rating in a report on Friday, November 9th. Bank of America lowered shares of BAE SYS PLC/S from a buy rating to a neutral rating in a report on Tuesday, December 4th. UBS Group lowered shares of BAE SYS PLC/S from a buy rating to a neutral rating in a report on Thursday, December 6th. Finally, Sanford C. Bernstein reissued a mkt perform rating on shares of BAE SYS PLC/S in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. BAE SYS PLC/S presently has a consensus rating of Hold.
OTCMKTS:BAESY opened at $25.00 on Wednesday. BAE SYS PLC/S has a 52 week low of $22.46 and a 52 week high of $36.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.96 and a quick ratio of 0.87.
A number of hedge funds have recently added to or reduced their stakes in BAESY. Glenmede Trust Co. NA bought a new position in BAE SYS PLC/S in the 3rd quarter valued at about $4,746,000. Quadrant Capital Group LLC increased its holdings in BAE SYS PLC/S by 310.0% in the 4th quarter. Quadrant Capital Group LLC now owns 6,334 shares of the aerospace company’s stock valued at $144,000 after buying an additional 4,789 shares during the period. Finally, Logan Capital Management Inc. increased its holdings in BAE SYS PLC/S by 6.1% in the 4th quarter. Logan Capital Management Inc. now owns 39,093 shares of the aerospace company’s stock valued at $914,000 after buying an additional 2,257 shares during the period. 0.40% of the stock is currently owned by hedge funds and other institutional investors.
BAE SYS PLC/S Company Profile
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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