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

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

Elbit Systems Trading Down 0.4 %

Shares of NASDAQ:ESLT traded down $0.94 during trading on Wednesday, reaching $248.67. The stock had a trading volume of 42,287 shares, compared to its average volume of 24,075. The business has a fifty day moving average price of $214.04 and a 200-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. The stock has a market cap of $11.05 billion, a P/E ratio of 45.71 and a beta of 0.51. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $252.50.

Hedge Funds Weigh In On Elbit Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 129 shares during the last quarter. Coastline Trust Co bought a new position in shares of Elbit Systems in the third quarter valued at $34,000. Point72 DIFC Ltd acquired a new stake in shares of Elbit Systems during the second quarter valued at approximately $35,000. Morse Asset Management Inc purchased a new stake in Elbit Systems in the 3rd quarter worth about $40,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

About Elbit Systems

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.