StockNews.com Downgrades Elbit Systems (NASDAQ:ESLT) to Buy

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

Elbit Systems Stock Performance

Elbit Systems stock opened at $303.89 on Tuesday. The firm’s fifty day moving average price is $287.59 and its 200 day moving average price is $242.47. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 51.95 and a beta of 0.53. Elbit Systems has a 12-month low of $175.30 and a 12-month high of $313.89.

Institutional Investors Weigh In On Elbit Systems

Several hedge funds and other institutional investors have recently bought and sold shares of ESLT. Arrowstreet Capital Limited Partnership grew its position in shares of Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock worth $59,207,000 after buying an additional 145,324 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in Elbit Systems by 41.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock valued at $67,264,000 after acquiring an additional 98,440 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Elbit Systems by 10.1% during the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock worth $117,520,000 after acquiring an additional 41,401 shares in the last quarter. Invesco Ltd. increased its position in shares of Elbit Systems by 13.1% in the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock worth $87,294,000 after purchasing an additional 39,095 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after purchasing an additional 18,614 shares during 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.