Elbit Systems (NASDAQ:ESLT) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Elbit Systems' stock was restated with a "hold (C)" rating by Weiss Ratings, while other analysts have given mixed ratings, leading to a consensus rating of "Moderate Buy".
• Bank of America increased its price objective for Elbit Systems from $500.00 to $540.00 and issued a "buy" rating, indicating positive sentiment among some investment analysts.
• Elbit Systems reported quarterly earnings of $3.23 EPS, surpassing analyst expectations, with revenue of $1.97 billion, compared to estimates of $1.89 billion.

Elbit Systems (NASDAQ:ESLT - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other brokerages also recently commented on ESLT. Bank of America increased their price objective on Elbit Systems from $500.00 to $540.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen downgraded Elbit Systems from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Zacks Research upgraded Elbit Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. initiated coverage on Elbit Systems in a research report on Tuesday, September 30th. They set a "neutral" rating and a $520.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Elbit Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $530.00.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $491.71 on Friday. The stock has a fifty day moving average price of $491.74 and a two-hundred day moving average price of $446.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29. The firm has a market cap of $21.86 billion, a P/E ratio of 55.81, a PEG ratio of 1.78 and a beta of 0.33. Elbit Systems has a 1 year low of $208.53 and a 1 year high of $529.99.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.57 by $0.66. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company posted $2.08 EPS. Research analysts forecast that Elbit Systems will post 8.05 EPS for the current fiscal year.

Institutional Trading of Elbit Systems

Hedge funds have recently modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of Elbit Systems in the third quarter valued at $26,000. Activest Wealth Management purchased a new stake in shares of Elbit Systems in the second quarter valued at $28,000. Larson Financial Group LLC purchased a new stake in shares of Elbit Systems in the first quarter valued at $29,000. Traub Capital Management LLC purchased a new stake in shares of Elbit Systems during the second quarter worth $31,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Elbit Systems by 232.6% during the first quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company's stock worth $59,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Company Profile

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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