Bae Systems (OTCMKTS:BAESY) Sees Strong Trading Volume – Time to Buy?

by · The Cerbat Gem

Bae Systems PLC (OTCMKTS:BAESY – Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,180,548 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 704,911 shares.The stock last traded at $109.61 and had previously closed at $112.26.

Analysts Set New Price Targets

Several equities research analysts recently commented on BAESY shares. The Goldman Sachs Group began coverage on Bae Systems in a report on Friday, September 19th. They set a “buy” rating on the stock. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Erste Group Bank started coverage on Bae Systems in a report on Friday, October 3rd. They issued a “buy” rating on the stock. Finally, Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bae Systems presently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Report on Bae Systems

Bae Systems Stock Down 2.4%

The firm has a 50-day moving average price of $93.97 and a 200-day moving average price of $98.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BAESY. First Merchants Corp raised its position in Bae Systems by 3.6% in the 4th quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after buying an additional 2,338 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of Bae Systems by 4.7% during the fourth quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock valued at $1,188,000 after buying an additional 577 shares during the last quarter. Arrow Capital Pty Ltd purchased a new position in Bae Systems in the third quarter worth $5,531,000. L & S Advisors Inc boosted its holdings in Bae Systems by 13.1% in the third quarter. L & S Advisors Inc now owns 18,845 shares of the aerospace company’s stock worth $2,105,000 after acquiring an additional 2,176 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Bae Systems by 73.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 138 shares during the period. 0.21% of the stock is currently owned by institutional investors.

About Bae Systems

(Get Free Report)

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.

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