Elbit Systems (NASDAQ:ESLT) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Several other research analysts also recently weighed in on ESLT. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Standpoint Research downgraded shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 price objective on the stock in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $143.00.

Shares of Elbit Systems (NASDAQ:ESLT) traded down $0.76 during mid-day trading on Tuesday, reaching $134.65. 38,632 shares of the company traded hands, compared to its average volume of 33,920. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.15. Elbit Systems has a 52 week low of $99.95 and a 52 week high of $153.13. The stock has a market capitalization of $5,750.00, a PE ratio of 21.77 and a beta of 0.58.

Several hedge funds have recently made changes to their positions in the company. Wetherby Asset Management Inc. raised its position in shares of Elbit Systems by 2.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 1,928 shares of the aerospace company’s stock valued at $238,000 after purchasing an additional 41 shares during the period. Parallel Advisors LLC raised its position in shares of Elbit Systems by 6.8% during the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 55 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Elbit Systems by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,766 shares of the aerospace company’s stock valued at $1,209,000 after purchasing an additional 108 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Elbit Systems by 4.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,687 shares of the aerospace company’s stock valued at $580,000 after purchasing an additional 194 shares during the period. Finally, US Bancorp DE raised its position in shares of Elbit Systems by 13.4% during the 2nd quarter. US Bancorp DE now owns 2,080 shares of the aerospace company’s stock valued at $257,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 11.15% of the company’s stock.

TRADEMARK VIOLATION WARNING: “BidaskClub Lowers Elbit Systems (ESLT) to Strong Sell” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/12/bidaskclub-lowers-elbit-systems-eslt-to-strong-sell.html.

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.

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