JPMorgan Chase & Co. downgraded shares of BAE Systems (OTCMKTS:BAESY) from a neutral rating to an underweight rating in a report released on Friday morning, Marketbeat Ratings reports.
A number of other research firms have also issued reports on BAESY. Zacks Investment Research lowered BAE Systems from a buy rating to a hold rating in a report on Wednesday, January 31st. UBS Group upgraded BAE Systems from a neutral rating to a buy rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $38.00.
Shares of BAE Systems (OTCMKTS:BAESY) opened at $32.74 on Friday. BAE Systems has a one year low of $28.51 and a one year high of $35.23. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.98.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in BAE Systems by 7.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 543,682 shares of the aerospace company’s stock worth $18,757,000 after buying an additional 39,716 shares during the last quarter. NorthCoast Asset Management LLC purchased a new stake in BAE Systems during the 4th quarter worth about $1,767,000. Logan Capital Management Inc. lifted its holdings in BAE Systems by 11.3% during the 4th quarter. Logan Capital Management Inc. now owns 36,927 shares of the aerospace company’s stock worth $1,151,000 after buying an additional 3,743 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in BAE Systems during the 4th quarter worth about $279,000. 0.45% of the stock is owned by institutional investors.
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About BAE Systems
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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