Elbit Systems (NASDAQ:ESLT) Upgraded by StockNews.com to “Strong-Buy”

Elbit Systems (NASDAQ:ESLTGet Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $192.55 on Wednesday. The stock has a market capitalization of $8.56 billion, a PE ratio of 37.90 and a beta of 0.55. Elbit Systems has a 52-week low of $183.80 and a 52-week high of $225.64. The stock’s 50-day moving average price is $201.15 and its 200 day moving average price is $205.69. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Elbit Systems (NASDAQ:ESLTGet Free Report) last issued its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Elbit Systems had a return on equity of 10.27% and a net margin of 3.70%. During the same quarter in the previous year, the firm posted $1.70 EPS. As a group, equities research analysts forecast that Elbit Systems will post 6.33 EPS for the current year.

Institutional Investors Weigh In On Elbit Systems

A number of institutional investors have recently added to or reduced their stakes in ESLT. Signaturefd LLC boosted its holdings in Elbit Systems by 12.7% in the 3rd quarter. Signaturefd LLC now owns 797 shares of the aerospace company’s stock valued at $158,000 after purchasing an additional 90 shares in the last quarter. Barclays PLC boosted its holdings in Elbit Systems by 11.9% in the 3rd quarter. Barclays PLC now owns 17,095 shares of the aerospace company’s stock valued at $3,384,000 after purchasing an additional 1,824 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Elbit Systems in the 3rd quarter valued at approximately $1,083,000. Banque Cantonale Vaudoise boosted its holdings in Elbit Systems by 122.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 500 shares of the aerospace company’s stock valued at $99,000 after purchasing an additional 275 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Elbit Systems by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 8,024 shares of the aerospace company’s stock worth $1,589,000 after acquiring an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

About Elbit Systems

(Get Free Report)

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.

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