BAE Systems (OTCMKTS:BAESY) Coverage Initiated at Cheuvreux

Stock analysts at Cheuvreux started coverage on shares of BAE Systems (OTCMKTS:BAESY) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the aerospace company’s stock.

A number of other research analysts have also recently weighed in on BAESY. Kepler Capital Markets initiated coverage on shares of BAE Systems in a research note on Thursday. They set a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of BAE Systems in a research note on Friday, July 30th. UBS Group reissued a “neutral” rating on shares of BAE Systems in a research note on Monday, August 2nd. JPMorgan Chase & Co. cut shares of BAE Systems from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 4th. Finally, Zacks Investment Research cut shares of BAE Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $31.00.

Shares of BAESY traded up $0.29 during mid-day trading on Thursday, reaching $33.01. 827,442 shares of the company’s stock were exchanged, compared to its average volume of 246,096. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 1.01. The company has a 50-day simple moving average of $31.44 and a two-hundred day simple moving average of $30.25. BAE Systems has a 52-week low of $20.67 and a 52-week high of $33.06. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.31 and a beta of 1.23.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC boosted its holdings in shares of BAE Systems by 6.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 655,436 shares of the aerospace company’s stock valued at $19,185,000 after purchasing an additional 42,282 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new position in shares of BAE Systems in the 2nd quarter valued at $10,456,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of BAE Systems by 0.7% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 96,420 shares of the aerospace company’s stock valued at $2,781,000 after purchasing an additional 630 shares during the last quarter. Rodgers Brothers Inc. acquired a new position in shares of BAE Systems in the 1st quarter valued at $1,285,000. Finally, Sit Investment Associates Inc. lifted its holdings in shares of BAE Systems by 2.9% during the 2nd quarter. Sit Investment Associates Inc. now owns 42,600 shares of the aerospace company’s stock valued at $1,247,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 0.33% of the company’s stock.

BAE Systems Company Profile

BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters.

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