Elbit Systems (NASDAQ:ESLT) Stock Rating Lowered by Wall Street Zen

Elbit Systems (NASDAQ:ESLT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. decreased their target price on shares of Elbit Systems from $950.00 to $885.00 and set a “neutral” rating on the stock in a report on Wednesday, August 19th. Morgan Stanley set a $845.00 target price on shares of Elbit Systems in a research report on Wednesday, July 15th. Jefferies Financial Group cut their price target on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating for the company in a report on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of Elbit Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Elbit Systems has a consensus rating of “Hold” and an average price target of $870.00.

Elbit Systems Price Performance

Elbit Systems stock opened at $703.28 on Friday. The stock’s fifty day moving average price is $770.69 and its two-hundred day moving average price is $814.33. Elbit Systems has a one year low of $453.00 and a one year high of $1,016.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.89. The firm has a market cap of $31.26 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 2.92 and a beta of 0.14.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.45. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. As a group, research analysts expect that Elbit Systems will post 15.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESLT. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Elbit Systems by 4.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,619,783 shares of the aerospace company’s stock valued at $1,351,958,000 after purchasing an additional 69,165 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Elbit Systems by 2.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock worth $246,121,000 after purchasing an additional 12,003 shares in the last quarter. Meitav Investment House Ltd. increased its position in Elbit Systems by 8.9% during the 1st quarter. Meitav Investment House Ltd. now owns 397,089 shares of the aerospace company’s stock worth $332,985,000 after purchasing an additional 32,617 shares in the last quarter. Invesco Ltd. lifted its stake in Elbit Systems by 10.0% in the 3rd quarter. Invesco Ltd. now owns 370,911 shares of the aerospace company’s stock valued at $189,090,000 after purchasing an additional 33,619 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Elbit Systems in the 3rd quarter valued at approximately $172,673,000. Institutional investors and hedge funds 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.