Elbit Systems (NASDAQ:ESLT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

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. “

Several other brokerages have also recently commented on ESLT. BidaskClub cut shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. ValuEngine cut shares of Elbit Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Standpoint Research cut shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $143.00.

Shares of Elbit Systems (NASDAQ ESLT) traded up $0.26 during midday trading on Friday, reaching $139.19. 23,385 shares of the company’s stock traded hands, compared to its average volume of 55,569. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.26. Elbit Systems has a twelve month low of $105.40 and a twelve month high of $153.13. The firm has a market cap of $6,030.03, a PE ratio of 25.12 and a beta of 0.60.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, November 14th. The aerospace company reported $1.57 EPS for the quarter. Elbit Systems had a net margin of 7.13% and a return on equity of 16.32%. sell-side analysts forecast that Elbit Systems will post 6.63 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mitchell Capital Management Co. lifted its stake in shares of Elbit Systems by 1.2% in the 1st quarter. Mitchell Capital Management Co. now owns 2,252 shares of the aerospace company’s stock valued at $256,000 after purchasing an additional 27 shares during the period. 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 valued at $238,000 after purchasing an additional 41 shares during the period. World Asset Management Inc lifted its stake in shares of Elbit Systems by 1.6% in the 1st quarter. World Asset Management Inc now owns 2,660 shares of the aerospace company’s stock valued at $302,000 after purchasing an additional 42 shares during the period. 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 valued at $109,000 after purchasing an additional 55 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Elbit Systems by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 10,015 shares of the aerospace company’s stock valued at $1,020,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 11.14% of the company’s stock.

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About Elbit Systems

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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