Elbit Systems (NASDAQ:ESLT) Upgraded by Wall Street Zen to "Strong-Buy" Rating

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

Elbit Systems Trading Up 0.0%

Shares of ESLT stock opened at $438.47 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.70. Elbit Systems has a 1-year low of $175.30 and a 1-year high of $476.04. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 55.64 and a beta of 0.31. The stock has a 50 day simple moving average of $405.92 and a 200-day simple moving average of $346.81.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.30 by $0.27. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. The firm 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 business earned $1.81 earnings per share. On average, equities research analysts expect that Elbit Systems will post 8.05 EPS for the current fiscal year.

Institutional Trading of Elbit Systems

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Elbit Systems by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock worth $229,268,000 after purchasing an additional 10,215 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Elbit Systems by 38,268.4% during the first quarter. GAMMA Investing LLC now owns 7,290 shares of the aerospace company's stock worth $2,797,000 after purchasing an additional 7,271 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Elbit Systems by 44.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,140 shares of the aerospace company's stock valued at $810,000 after buying an additional 961 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Elbit Systems in the 4th quarter worth $1,999,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Elbit Systems by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company's stock worth $11,817,000 after acquiring an additional 2,317 shares during the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

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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