Elbit Systems (NASDAQ:ESLT) Stock Rating Upgraded by Wall Street Zen

Elbit Systems (NASDAQ:ESLT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also weighed in on ESLT. Morgan Stanley began coverage on Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective on the stock. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Stock Up 1.4%

Shares of ESLT opened at $730.84 on Friday. The firm’s 50 day moving average is $547.90 and its 200-day moving average is $501.44. Elbit Systems has a 12 month low of $293.61 and a 12 month high of $737.51. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $32.49 billion, a PE ratio of 74.27, a P/E/G ratio of 2.22 and a beta of 0.22.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities research analysts forecast that Elbit Systems will post 8.05 EPS for the current year.

Hedge Funds Weigh In On Elbit Systems

A number of hedge funds have recently bought and sold shares of ESLT. USA Financial Formulas bought a new stake in Elbit Systems in the third quarter worth approximately $26,000. CoreCap Advisors LLC bought a new stake in shares of Elbit Systems in the 4th quarter valued at $26,000. Activest Wealth Management acquired a new position in shares of Elbit Systems during the 2nd quarter valued at $28,000. Traub Capital Management LLC bought a new position in Elbit Systems during the second quarter worth $31,000. Finally, Financial Consulate Inc. acquired a new stake in Elbit Systems in the third quarter worth $60,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.