Elbit Systems (ESLT) Downgraded by BidaskClub

Elbit Systems (NASDAQ:ESLT) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

ESLT stock opened at $129.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 20.92 and a beta of 0.85. Elbit Systems has a twelve month low of $109.81 and a twelve month high of $138.34.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $26,000. Bremer Trust National Association acquired a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $30,000. PRW Wealth Management LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $63,000. Quadrant Capital Group LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $83,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Elbit Systems in the third quarter valued at approximately $100,000. 7.92% of the stock is owned by institutional investors.

Elbit Systems Company Profile

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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