BidaskClub upgraded shares of Elbit Systems (NASDAQ:ESLT) from a hold rating to a buy rating in a research note issued to investors on Tuesday.
A number of other research analysts have also recently weighed in on ESLT. TheStreet upgraded Elbit Systems from a c+ rating to a b rating in a report on Friday, July 6th. Standpoint Research upgraded Elbit Systems from a hold rating to a buy rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Elbit Systems presently has a consensus rating of Buy and an average target price of $176.00.
Shares of Elbit Systems stock opened at $119.75 on Tuesday. Elbit Systems has a twelve month low of $111.01 and a twelve month high of $153.13. The firm has a market capitalization of $5.37 billion, a P/E ratio of 20.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.36.
Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Thursday, August 16th. The aerospace company reported $1.35 earnings per share for the quarter. Elbit Systems had a return on equity of 15.26% and a net margin of 7.74%. The firm had revenue of $892.17 million for the quarter.
A number of institutional investors have recently modified their holdings of ESLT. Financial Gravity Wealth Inc. acquired a new position in Elbit Systems in the first quarter valued at $127,000. Paloma Partners Management Co purchased a new position in Elbit Systems in the second quarter valued at about $229,000. A.R.T. Advisors LLC raised its position in Elbit Systems by 28.0% in the first quarter. A.R.T. Advisors LLC now owns 3,200 shares of the aerospace company’s stock valued at $389,000 after purchasing an additional 700 shares during the period. Voya Investment Management LLC raised its position in Elbit Systems by 13.3% in the second quarter. Voya Investment Management LLC now owns 4,030 shares of the aerospace company’s stock valued at $473,000 after purchasing an additional 473 shares during the period. Finally, Barclays PLC raised its position in Elbit Systems by 1,146.4% in the first quarter. Barclays PLC now owns 4,350 shares of the aerospace company’s stock valued at $528,000 after purchasing an additional 4,001 shares during the period. Hedge funds and other institutional investors own 8.25% of the company’s stock.
About Elbit Systems
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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