Elbit Systems (NASDAQ:ESLT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.
Elbit Systems Stock Performance
Elbit Systems stock opened at $454.90 on Friday. The company's 50-day moving average price is $400.67 and its 200-day moving average price is $339.32. Elbit Systems has a twelve month low of $175.30 and a twelve month high of $468.08. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a market cap of $20.22 billion, a PE ratio of 77.76 and a beta of 0.31.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.27. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the previous year, the company earned $1.81 EPS. On average, equities research analysts forecast that Elbit Systems will post 8.05 EPS for the current fiscal year.
Institutional Trading of Elbit Systems
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hurley Capital LLC acquired a new position in Elbit Systems in the 4th quarter valued at about $26,000. Larson Financial Group LLC purchased a new stake in shares of Elbit Systems in the 1st quarter valued at approximately $29,000. Prestige Wealth Management Group LLC increased its position in shares of Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $41,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.
About Elbit Systems
(
Get Free Report)
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.
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