Elbit Systems (NASDAQ:ESLT) Downgraded to Buy at StockNews.com

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

Elbit Systems Stock Up 0.7 %

NASDAQ:ESLT traded up $1.22 during mid-day trading on Thursday, reaching $184.00. The company’s stock had a trading volume of 17,987 shares, compared to its average volume of 42,057. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $8.18 billion, a PE ratio of 36.22 and a beta of 0.53. The stock has a fifty day moving average of $191.22 and a 200-day moving average of $201.89. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $225.64.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.49 billion. Elbit Systems had a net margin of 3.70% and a return on equity of 10.14%. During the same quarter in the previous year, the business posted $1.70 EPS. Equities research analysts forecast that Elbit Systems will post 7.45 earnings per share for the current year.

Institutional Investors Weigh In On Elbit Systems

A number of hedge funds have recently modified their holdings of ESLT. Mariner LLC raised its stake in shares of Elbit Systems by 3.7% in the 3rd quarter. Mariner LLC now owns 2,512 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 90 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Elbit Systems by 30.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,528 shares of the aerospace company’s stock valued at $1,094,000 after acquiring an additional 1,278 shares during the period. Ramirez Asset Management Inc. purchased a new stake in shares of Elbit Systems in the third quarter valued at about $2,714,000. Public Sector Pension Investment Board raised its stake in Elbit Systems by 0.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,488 shares of the aerospace company’s stock valued at $1,889,000 after acquiring an additional 67 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Elbit Systems by 1.1% during the third quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock worth $160,233,000 after purchasing an additional 8,966 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

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.