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

Elbit Systems (NASDAQ:ESLT) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Elbit Systems Stock Performance

ESLT traded down $0.94 during trading on Wednesday, hitting $248.67. 42,287 shares of the stock were exchanged, compared to its average volume of 24,075. The firm has a market capitalization of $11.05 billion, a P/E ratio of 45.71 and a beta of 0.51. Elbit Systems has a 1-year low of $175.30 and a 1-year high of $252.50. The stock has a fifty day moving average price of $214.04 and a two-hundred day moving average price of $198.95. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Elbit Systems

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in shares of Elbit Systems by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 16,007 shares of the aerospace company’s stock valued at $3,356,000 after purchasing an additional 5,846 shares during the period. Advisors Asset Management Inc. raised its position in Elbit Systems by 53.7% during the 1st quarter. Advisors Asset Management Inc. now owns 10,626 shares of the aerospace company’s stock worth $2,234,000 after buying an additional 3,712 shares during the last quarter. Spectrum Asset Management Inc. NB CA purchased a new position in Elbit Systems during the 3rd quarter worth $762,000. Cetera Advisors LLC acquired a new stake in shares of Elbit Systems in the 1st quarter worth $1,966,000. Finally, Marshall Wace LLP acquired a new position in Elbit Systems during the 2nd quarter worth approximately $2,181,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Company Profile

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.