Elbit Systems (ESLT) Upgraded to “Hold” at Zacks Investment Research

Elbit Systems (NASDAQ:ESLT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, January 19th.

According to Zacks, “Elbit Systems is a worldwide leader in Night Vision Goggles Head-Up Displays (“NVG-HUD”). They are a major supplier to the U.S Army and U.S. Marine Corps of Night Vision Head-Up Display systems for use in various types of helicopters. Elbit Systems Ltd. is engaged in a wide range of defense-related airborne, ground and command, control and communications programs throughout the world. Their focus is on the upgrading of existing military platforms and developing new technologies for defense applications. “

ESLT has been the topic of several other research reports. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Standpoint Research cut Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub cut Elbit Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $143.00.

Shares of Elbit Systems (ESLT) traded up $1.36 during trading on Friday, hitting $148.86. 40,765 shares of the stock traded hands, compared to its average volume of 49,244. The firm has a market capitalization of $6,360.00, a P/E ratio of 26.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.26. Elbit Systems has a twelve month low of $110.12 and a twelve month high of $153.13.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, November 14th. The aerospace company reported $1.57 earnings per share (EPS) for the quarter. The business had revenue of $800.73 million for the quarter. Elbit Systems had a net margin of 7.13% and a return on equity of 16.32%. analysts anticipate that Elbit Systems will post 6.63 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in Elbit Systems by 188.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,124 shares of the aerospace company’s stock worth $149,000 after purchasing an additional 735 shares during the period. Sensato Investors LLC lifted its position in Elbit Systems by 158.4% in the fourth quarter. Sensato Investors LLC now owns 50,904 shares of the aerospace company’s stock worth $6,785,000 after purchasing an additional 31,204 shares during the period. Goldman Sachs Group Inc. lifted its position in Elbit Systems by 34.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 43,744 shares of the aerospace company’s stock worth $5,830,000 after purchasing an additional 11,216 shares during the period. Deutsche Bank AG lifted its position in Elbit Systems by 64.4% in the fourth quarter. Deutsche Bank AG now owns 94,183 shares of the aerospace company’s stock worth $12,551,000 after purchasing an additional 36,879 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Elbit Systems by 49.6% during the fourth quarter. Renaissance Technologies LLC now owns 200,935 shares of the aerospace company’s stock valued at $26,783,000 after acquiring an additional 66,598 shares during the period. 11.44% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/14/elbit-systems-eslt-stock-rating-upgraded-by-zacks-investment-research-3.html.

Elbit Systems Company Profile

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

Get a free copy of the Zacks research report on Elbit Systems (ESLT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Elbit Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply