BAE SYS PLC/S (OTCMKTS:BAESY) Cut to “Sell” at Zacks Investment Research

BAE SYS PLC/S (OTCMKTS:BAESY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, Zacks.com reports.

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. “

A number of other equities analysts also recently issued reports on the company. Morgan Stanley assumed coverage on BAE SYS PLC/S in a report on Wednesday, August 28th. They issued an “overweight” rating for the company. Societe Generale downgraded BAE SYS PLC/S from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold”.

BAESY traded up $0.28 on Thursday, reaching $27.52. The company’s stock had a trading volume of 94,499 shares, compared to its average volume of 172,338. The stock has a 50 day moving average of $27.77 and a two-hundred day moving average of $25.91. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.92 and a beta of 1.03. BAE SYS PLC/S has a fifty-two week low of $22.36 and a fifty-two week high of $32.17.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new stake in BAE SYS PLC/S in the second quarter valued at approximately $71,000. Logan Capital Management Inc. lifted its stake in BAE SYS PLC/S by 4.5% in the second quarter. Logan Capital Management Inc. now owns 38,743 shares of the aerospace company’s stock valued at $977,000 after buying an additional 1,663 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in BAE SYS PLC/S by 5.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 129,480 shares of the aerospace company’s stock valued at $3,246,000 after buying an additional 6,563 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in BAE SYS PLC/S by 14.9% in the second quarter. Parametric Portfolio Associates LLC now owns 783,147 shares of the aerospace company’s stock valued at $19,634,000 after buying an additional 101,492 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc lifted its stake in BAE SYS PLC/S by 17.0% in the second quarter. Schafer Cullen Capital Management Inc now owns 1,828,580 shares of the aerospace company’s stock valued at $46,409,000 after buying an additional 265,327 shares during the last quarter. Institutional investors own 0.36% of the company’s stock.

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.

Recommended Story: What is cost of equity?

Get a free copy of the Zacks research report on BAE SYS PLC/S (BAESY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.