Elbit Systems (NASDAQ:ESLT) Raised to Strong-Buy at StockNews.com

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

Elbit Systems Price Performance

NASDAQ ESLT opened at $249.07 on Wednesday. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $252.50. The business’s fifty day moving average is $215.06 and its two-hundred day moving average is $199.30. The stock has a market capitalization of $11.07 billion, a P/E ratio of 42.58 and a beta of 0.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 1.13.

Institutional Trading of Elbit Systems

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Elbit Systems by 368.6% during the 2nd quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 129 shares in the last quarter. Coastline Trust Co purchased a new position in Elbit Systems during the third quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new position in Elbit Systems in the 2nd quarter valued at approximately $35,000. Morse Asset Management Inc purchased a new stake in Elbit Systems in the 3rd quarter worth approximately $40,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Elbit Systems by 56.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after buying an additional 84 shares during the period. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Company Profile

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.