Elbit Systems Ltd. (NASDAQ:ESLT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage presently has a $176.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 16.22% from the stock’s current price.

According to Zacks, “Elbit Systems is a worldwide leader in Night Vision Goggles Head-Up Displays (“NVG-HUD”). They are a major supplier to the U.S Army and U.S. Marine Corps of Night Vision Head-Up Display systems for use in various types of helicopters. Elbit Systems Ltd. is engaged in a wide range of defense-related airborne, ground and command, control and communications programs throughout the world. Their focus is on the upgrading of existing military platforms and developing new technologies for defense applications. “

A number of other equities research analysts also recently weighed in on ESLT. Standpoint Research downgraded shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine downgraded shares of Elbit Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. Elbit Systems currently has an average rating of “Buy” and an average target price of $143.00.

Shares of Elbit Systems (ESLT) traded down 0.90% during trading on Tuesday, hitting $151.44. The company’s stock had a trading volume of 39,351 shares. The company has a market cap of $6.47 billion, a PE ratio of 27.14 and a beta of 0.61. The firm’s 50 day moving average price is $143.69 and its 200-day moving average price is $128.20. Elbit Systems has a 52 week low of $94.91 and a 52 week high of $152.15.

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

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Large investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Elbit Systems by 6.8% in the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 55 shares during the period. Quantum Capital Management acquired a new stake in shares of Elbit Systems in the 2nd quarter worth approximately $203,000. UBS Group AG lifted its stake in shares of Elbit Systems by 138.9% in the 1st quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock worth $206,000 after acquiring an additional 1,056 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Elbit Systems in the 2nd quarter worth approximately $210,000. Finally, Wetherby Asset Management Inc. lifted its stake in shares of Elbit Systems by 2.2% in the 2nd quarter. Wetherby Asset Management Inc. now owns 1,928 shares of the aerospace company’s stock worth $238,000 after acquiring an additional 41 shares during the period. 11.14% of the stock is owned by institutional investors.

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.

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