Elbit Systems Ltd. (NASDAQ:ESLT) was downgraded by Standpoint Research from an “accumulate” rating to a “hold” rating in a note issued to investors on Thursday, The Fly reports.

A number of other brokerages have also recently issued reports on ESLT. ValuEngine upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. BidaskClub cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th.

Elbit Systems (NASDAQ:ESLT) traded down 0.60% during trading on Thursday, hitting $148.99. 15,071 shares of the company’s stock traded hands. The company has a market cap of $6.37 billion, a PE ratio of 26.70 and a beta of 0.61. Elbit Systems has a 52-week low of $94.91 and a 52-week high of $150.99. The company’s 50 day moving average price is $140.26 and its 200 day moving average price is $126.33.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 EPS for the quarter. The company had revenue of $818.30 million for the quarter. Elbit Systems had a return on equity of 16.38% and a net margin of 7.23%. Analysts expect that Elbit Systems will post $6.27 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Elbit Systems Ltd. (ESLT) Downgraded by Standpoint Research” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/05/elbit-systems-ltd-eslt-downgraded-by-standpoint-research.html.

A number of hedge funds have recently bought and sold shares of the business. Eqis Capital Management Inc. grew its holdings in Elbit Systems by 12.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 20,500 shares of the aerospace company’s stock valued at $3,015,000 after buying an additional 2,199 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Elbit Systems during the 2nd quarter valued at about $1,269,000. BlueCrest Capital Management Ltd purchased a new position in Elbit Systems during the 2nd quarter valued at about $210,000. Lenox Wealth Management Inc. purchased a new position in Elbit Systems during the 2nd quarter valued at about $426,000. Finally, Royal Bank of Canada grew its holdings in Elbit Systems by 7.3% during the 2nd quarter. Royal Bank of Canada now owns 5,079 shares of the aerospace company’s stock valued at $628,000 after buying an additional 346 shares in the last quarter. 11.13% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Company Profile

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

The Fly

Receive News & Ratings for Elbit Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.