BAE Systems (OTCMKTS:BAESY) Upgraded to Buy at Citigroup

Citigroup upgraded shares of BAE Systems (OTCMKTS:BAESY) from a neutral rating to a buy rating in a report released on Monday morning, MarketBeat reports.

Separately, Bank of America downgraded shares of BAE Systems from a buy rating to a neutral rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $1,142.00.

BAE Systems Stock Up 1.4 %

BAE Systems stock opened at $66.75 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97. BAE Systems has a 12-month low of $47.81 and a 12-month high of $72.81. The firm has a 50 day moving average of $67.96 and a 200 day moving average of $66.53.

Institutional Investors Weigh In On BAE Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorShares Investments LLC purchased a new position in BAE Systems during the fourth quarter valued at $699,000. GAMMA Investing LLC boosted its holdings in shares of BAE Systems by 16.4% during the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 218 shares during the last quarter. SVB Wealth LLC grew its position in shares of BAE Systems by 13.0% during the fourth quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company’s stock valued at $274,000 after purchasing an additional 546 shares in the last quarter. Equitable Trust Co. increased its holdings in shares of BAE Systems by 8.3% in the fourth quarter. Equitable Trust Co. now owns 57,326 shares of the aerospace company’s stock worth $3,246,000 after purchasing an additional 4,386 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its position in shares of BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after buying an additional 1,650 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.