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

Key Points

• Wall Street Zen upgraded Elbit Systems to “buy” from “hold,” but the broader analyst consensus remains “hold,” with five analysts holding that rating and an average price target of $870.
• Elbit Systems opened at $735, down 0.6%, and trades below its 50-day and 200-day moving averages. The stock has a market capitalization of $32.67 billion and a P/E ratio of 55.39.
• The company exceeded quarterly expectations, reporting $4.14 in EPS versus the $3.69 estimate and revenue of $2.29 billion versus the $2.25 billion consensus.

Elbit Systems (NASDAQ:ESLT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other analysts also recently weighed in on ESLT. Zacks Research cut shares of Elbit Systems from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 24th. Weiss Ratings lowered Elbit Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 26th. Morgan Stanley set a $845.00 price target on Elbit Systems in a research note on Wednesday, July 15th. Jefferies Financial Group reduced their price objective on Elbit Systems from $950.00 to $880.00 and set a "hold" rating for the company in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Elbit Systems from $950.00 to $885.00 and set a "neutral" rating on the stock in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Elbit Systems currently has a consensus rating of "Hold" and a consensus price target of $870.00.

Elbit Systems Trading Down 0.6%

ESLT opened at $735.00 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.39. Elbit Systems has a one year low of $453.00 and a one year high of $1,016.06. The company has a market cap of $32.67 billion, a P/E ratio of 55.39, a PEG ratio of 3.08 and a beta of 0.14. The business's 50-day simple moving average is $761.79 and its 200-day simple moving average is $808.36.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.45. The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. As a group, equities research analysts expect that Elbit Systems will post 15.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ESLT. WPG Advisers LLC acquired a new stake in shares of Elbit Systems during the 1st quarter valued at approximately $26,000. Optiver Holding B.V. acquired a new stake in shares of Elbit Systems in the 1st quarter worth approximately $46,000. IFP Advisors Inc increased its stake in Elbit Systems by 225.0% in the 2nd quarter. IFP Advisors Inc now owns 65 shares of the aerospace company's stock valued at $49,000 after purchasing an additional 45 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Elbit Systems in the 4th quarter valued at approximately $69,000. Finally, Archer Investment Corp acquired a new position in Elbit Systems during the second quarter worth $76,000. Institutional investors and hedge funds own 17.88% of the company's stock.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies systems for military, homeland security, and commercial aviation applications. The company's portfolio includes command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions; unmanned aircraft and ground systems; electro-optical and night-vision equipment; electronic warfare and signals intelligence systems; and cyber-related technologies.

Elbit Systems also provides products and services for land forces, including artillery systems, precision-guided munitions, vehicle systems, tactical communications, and fire-control solutions.

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