Elbit Systems (NASDAQ:ESLT) Upgraded to Strong-Buy at Wall Street Zen

Elbit Systems (NASDAQ:ESLT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Sunday.

Elbit Systems Stock Performance

NASDAQ:ESLT traded up $9.07 during mid-day trading on Friday, reaching $431.61. 118,334 shares of the stock were exchanged, compared to its average volume of 61,595. The stock has a market capitalization of $19.19 billion, a P/E ratio of 54.77 and a beta of 0.31. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $476.04. The company has a 50 day simple moving average of $406.91 and a 200-day simple moving average of $349.31. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.27. Elbit Systems had a net margin of 4.95% and a return on equity of 13.49%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the previous year, the company posted $1.81 EPS. Analysts anticipate that Elbit Systems will post 8.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Elbit Systems

Several institutional investors have recently added to or reduced their stakes in ESLT. National Bank of Canada FI grew its stake in shares of Elbit Systems by 8.6% in the 1st quarter. National Bank of Canada FI now owns 393 shares of the aerospace company's stock valued at $151,000 after purchasing an additional 31 shares during the last quarter. Townsquare Capital LLC increased its position in Elbit Systems by 5.3% during the 1st quarter. Townsquare Capital LLC now owns 878 shares of the aerospace company's stock worth $337,000 after purchasing an additional 44 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Elbit Systems by 3.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,498 shares of the aerospace company's stock worth $575,000 after buying an additional 55 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Elbit Systems by 2.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company's stock valued at $540,000 after buying an additional 60 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Elbit Systems by 1.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company's stock valued at $1,031,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds 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.