UBS Group Upgrades Bae Systems (BAESY) to “Buy”

UBS Group upgraded shares of Bae Systems (OTCMKTS:BAESY) from a neutral rating to a buy rating in a research note released on Wednesday, 99wallstreet.com reports.

Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Bae Systems from a hold rating to a strong-buy rating and set a $38.00 price target on the stock in a report on Thursday, October 12th. Berenberg Bank lowered Bae Systems from a buy rating to a hold rating in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $38.00.

Shares of Bae Systems (BAESY) opened at $32.92 on Wednesday. Bae Systems has a twelve month low of $28.51 and a twelve month high of $35.23. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 1.22.

Large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised 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 valued at $18,757,000 after buying an additional 39,716 shares during the period. Schafer Cullen Capital Management Inc. raised its holdings in Bae Systems by 4.3% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 2,400,486 shares of the aerospace company’s stock valued at $80,512,000 after buying an additional 98,655 shares during the period. Logan Capital Management Inc. raised its holdings in Bae Systems by 1.7% during the 2nd quarter. Logan Capital Management Inc. now owns 30,395 shares of the aerospace company’s stock valued at $1,001,000 after buying an additional 503 shares during the period. Finally, Ranger International Management LP bought a new position in Bae Systems in the 2nd quarter valued at $500,000. Institutional investors own 0.44% of the company’s stock.

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Bae Systems Company Profile

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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