BAE SYS PLC/S (BAESY) Upgraded to Hold by Zacks Investment Research

BAE SYS PLC/S (OTCMKTS:BAESY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

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. “

Shares of BAESY stock traded down $0.23 during trading hours on Thursday, reaching $27.83. 132,895 shares of the stock were exchanged, compared to its average volume of 548,187. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 0.96. BAE SYS PLC/S has a 12-month low of $25.80 and a 12-month high of $36.41. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.39 and a beta of 0.83.

An institutional investor recently raised its position in BAE SYS PLC/S stock. Ferguson Wellman Capital Management Inc. boosted its holdings in BAE SYS PLC/S (OTCMKTS:BAESY) by 1.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321,607 shares of the aerospace company’s stock after purchasing an additional 4,265 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in BAE SYS PLC/S were worth $10,985,000 as of its most recent SEC filing. 0.43% 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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