Elbit Systems (NASDAQ:ESLT) Rating Increased to Strong-Buy at Zacks Research

Elbit Systems (NASDAQ:ESLT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

ESLT has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Elbit Systems from $580.00 to $930.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Finally, Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $667.00.

Elbit Systems Stock Down 1.5%

Shares of NASDAQ ESLT opened at $920.79 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $40.93 billion, a PE ratio of 81.06, a price-to-earnings-growth ratio of 3.96 and a beta of 0.16. The stock’s fifty day simple moving average is $829.52 and its two-hundred day simple moving average is $649.71. Elbit Systems has a 12-month low of $369.00 and a 12-month high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.33. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%. As a group, analysts expect that Elbit Systems will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling at Elbit Systems

In other Elbit Systems news, CEO Bezhalel Machlis sold 25,514 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $22,641,123.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Ariel sold 7,654 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total value of $6,792,159.60. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 69,736 shares of company stock worth $61,883,726. Insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Elbit Systems

Institutional investors have recently modified their holdings of the stock. Citizens Financial Group Inc. RI purchased a new position in shares of Elbit Systems during the 3rd quarter valued at about $730,000. Pinpoint Asset Management Singapore Pte. Ltd. grew its position in shares of Elbit Systems by 296.0% during the 3rd quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 6,970 shares of the aerospace company’s stock valued at $3,553,000 after acquiring an additional 5,210 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Elbit Systems during the 3rd quarter valued at about $824,000. ARK Investment Management LLC grew its position in shares of Elbit Systems by 11.6% during the 3rd quarter. ARK Investment Management LLC now owns 53,569 shares of the aerospace company’s stock valued at $27,309,000 after acquiring an additional 5,550 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Elbit Systems by 3,162.0% during the 3rd quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after acquiring an additional 628,236 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

More Elbit Systems News

Here are the key news stories impacting Elbit Systems this week:

• Positive Sentiment: Zacks highlights Elbit’s growth attributes and argues the company could deliver exceptional returns, supporting a longer?term bullish view. Is Elbit (ESLT) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Positive Sentiment: Zacks also put ESLT on its April 14 momentum list (Zacks Rank #1 / Strong Buy), which can attract short?term buying and algos that follow momentum screens. Best Momentum Stocks to Buy for April 14th
• Neutral Sentiment: JPMorgan raised its price target sharply (from $580 to $930) but kept a “neutral” rating, signaling the bank sees upside largely priced in and limited near?term catalysts beyond current levels. JPMorgan raises price target
• Neutral Sentiment: Seeking Alpha notes a “war premium” supporting demand but warns that production/capacity limits could cap upside — a mixed outlook that supports higher revenue expectations but constrains near?term margin expansion. Elbit Systems: War Premium Builds, But Capacity Caps The Upside
• Negative Sentiment: Large insider selling: the CEO disclosed a roughly $22.6M sale, which can spook investors and signal liquidity-taking at current levels. Elbit Systems CEO Sells $22,641,123.60 in Stock
• Negative Sentiment: Multiple EVP insider sales totaling many millions more were reported (several separate disclosures), amplifying concerns about insider cashing?out and adding downward pressure on sentiment. Insider Selling: EVP Sells Shares

About Elbit Systems

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.