Elbit Systems (NASDAQ:ESLT) Upgraded at StockNews.com

Elbit Systems (NASDAQ:ESLT) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Elbit Systems Price Performance

NASDAQ ESLT traded down $0.94 on Wednesday, reaching $248.67. The company had a trading volume of 42,287 shares, compared to its average volume of 24,075. The stock has a market capitalization of $11.05 billion, a PE ratio of 45.71 and a beta of 0.51. The firm’s 50 day moving average price is $214.04 and its 200 day moving average price is $198.95. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. Elbit Systems has a 12 month low of $175.30 and a 12 month high of $252.50.

Institutional Investors Weigh In On Elbit Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its stake in Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 129 shares during the period. Coastline Trust Co purchased a new position in shares of Elbit Systems during the third quarter worth approximately $34,000. Point72 DIFC Ltd bought a new stake in shares of Elbit Systems during the second quarter valued at approximately $35,000. Morse Asset Management Inc purchased a new stake in shares of Elbit Systems in the third quarter valued at approximately $40,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 84 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.