BAE SYS PLC/S (OTCMKTS:BAESY) Cut to Hold at Societe Generale

Societe Generale lowered shares of BAE SYS PLC/S (OTCMKTS:BAESY) from a buy rating to a hold rating in a research report released on Thursday, The Fly reports.

Separately, Zacks Investment Research raised shares of BAE SYS PLC/S from a sell rating to a hold rating in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of Hold.

OTCMKTS:BAESY opened at $26.38 on Thursday. The stock’s 50-day simple moving average is $25.40. The company has a market cap of $20.88 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01. BAE SYS PLC/S has a 52 week low of $22.36 and a 52 week high of $34.25. The company has a quick ratio of 0.95, a current ratio of 1.03 and a debt-to-equity ratio of 0.63.

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in BAE SYS PLC/S by 52.8% during the 1st quarter. Quadrant Capital Group LLC now owns 9,680 shares of the aerospace company’s stock valued at $244,000 after purchasing an additional 3,346 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in BAE SYS PLC/S by 20.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 681,655 shares of the aerospace company’s stock valued at $17,420,000 after purchasing an additional 114,108 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in BAE SYS PLC/S by 5.3% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 129,480 shares of the aerospace company’s stock valued at $3,246,000 after purchasing an additional 6,563 shares during the last quarter. Logan Capital Management Inc. lifted its holdings in BAE SYS PLC/S by 4.5% during the 2nd quarter. Logan Capital Management Inc. now owns 38,743 shares of the aerospace company’s stock valued at $977,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc lifted its holdings in BAE SYS PLC/S by 17.0% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 1,828,580 shares of the aerospace company’s stock valued at $46,409,000 after purchasing an additional 265,327 shares during the last quarter. 0.32% of the stock is owned by institutional investors.

BAE SYS PLC/S Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The 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.

Read More: Options Trading – Understanding Strike Price

The Fly

Analyst Recommendations for BAE SYS PLC/S (OTCMKTS:BAESY)

Receive News & Ratings for BAE SYS PLC/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE SYS PLC/S and related companies with MarketBeat.com's FREE daily email newsletter.