Shares of Elbit Systems Ltd (NASDAQ:ESLT) have received an average rating of “Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.
Several equities analysts have weighed in on the stock. Standpoint Research upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. BidaskClub lowered shares of Elbit Systems from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Finally, TheStreet upgraded shares of Elbit Systems from a “c+” rating to a “b” rating in a report on Friday, July 6th.
NASDAQ:ESLT traded down $1.10 on Monday, hitting $122.27. The stock had a trading volume of 8,403 shares, compared to its average volume of 16,698. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 0.84. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 19.24 and a beta of 0.86. Elbit Systems has a 1-year low of $111.01 and a 1-year high of $151.91.
Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Thursday, August 16th. The aerospace company reported $1.35 earnings per share for the quarter. The company had revenue of $892.17 million for the quarter. Elbit Systems had a net margin of 7.74% and a return on equity of 15.26%.
Several institutional investors have recently added to or reduced their stakes in ESLT. Paloma Partners Management Co purchased a new stake in shares of Elbit Systems in the 2nd quarter valued at approximately $229,000. A.R.T. Advisors LLC raised its stake in shares of Elbit Systems by 28.0% in the 1st quarter. A.R.T. Advisors LLC now owns 3,200 shares of the aerospace company’s stock valued at $389,000 after acquiring an additional 700 shares during the period. Voya Investment Management LLC raised its stake in shares of Elbit Systems by 13.3% in the 2nd quarter. Voya Investment Management LLC now owns 4,030 shares of the aerospace company’s stock valued at $473,000 after acquiring an additional 473 shares during the period. Barclays PLC raised its stake in shares of Elbit Systems by 1,146.4% in the 1st quarter. Barclays PLC now owns 4,350 shares of the aerospace company’s stock valued at $528,000 after acquiring an additional 4,001 shares during the period. Finally, Mitchell Capital Management Co. raised its stake in shares of Elbit Systems by 45.9% in the 2nd quarter. Mitchell Capital Management Co. now owns 5,778 shares of the aerospace company’s stock valued at $686,000 after acquiring an additional 1,819 shares during the period. 8.27% of the stock is currently owned by institutional investors and hedge funds.
About Elbit Systems
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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