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

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

Elbit Systems Trading Down 0.4 %

Shares of ESLT stock traded down $0.94 during mid-day trading on Wednesday, reaching $248.67. The stock had a trading volume of 42,287 shares, compared to its average volume of 24,075. The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $214.04 and its two-hundred day moving average price is $198.95. The firm has a market capitalization of $11.05 billion, a PE ratio of 45.71 and a beta of 0.51. Elbit Systems has a 52-week low of $175.30 and a 52-week high of $252.50.

Hedge Funds Weigh In On Elbit Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in ESLT. Blue Trust Inc. lifted its position in shares of Elbit Systems by 368.6% in the 2nd 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 stake in Elbit Systems in the third quarter worth about $34,000. Point72 DIFC Ltd bought a new stake in Elbit Systems during the 2nd quarter valued at approximately $35,000. Morse Asset Management Inc purchased a new position in shares of Elbit Systems during the 3rd quarter worth approximately $40,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Elbit Systems by 56.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

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.