Elbit Systems (NASDAQ:ESLT) Upgraded to Buy at Wall Street Zen

Elbit Systems (NASDAQ:ESLT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Morgan Stanley began coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Elbit Systems presently has an average rating of “Hold” and an average price target of $550.33.

Elbit Systems Stock Up 1.4%

Shares of ESLT stock opened at $730.84 on Friday. The stock has a market cap of $32.49 billion, a P/E ratio of 74.27, a PEG ratio of 2.19 and a beta of 0.22. Elbit Systems has a 52 week low of $293.61 and a 52 week high of $737.51. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $547.90 and its two-hundred day simple moving average is $500.52.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. Analysts predict that Elbit Systems will post 8.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Spire Wealth Management grew its holdings in Elbit Systems by 99.0% during the 4th quarter. Spire Wealth Management now owns 197 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 98 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Elbit Systems in the fourth quarter worth about $26,000. Cadent Capital Advisors LLC purchased a new position in shares of Elbit Systems during the fourth quarter valued at approximately $1,493,000. HWG Holdings LP grew its stake in shares of Elbit Systems by 9.9% during the fourth quarter. HWG Holdings LP now owns 21,268 shares of the aerospace company’s stock valued at $12,287,000 after buying an additional 1,923 shares during the last quarter. Finally, Daymark Wealth Partners LLC bought a new position in shares of Elbit Systems during the fourth quarter valued at approximately $203,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.