Elbit Systems (ESLT) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Elbit Systems (NASDAQ:ESLT) from a hold rating to a buy rating in a research report report published on Tuesday morning, BidAskClub reports.

Shares of ESLT stock traded up $0.17 during trading hours on Tuesday, reaching $139.17. The company’s stock had a trading volume of 1,600 shares, compared to its average volume of 7,384. The company has a market cap of $5.95 billion, a PE ratio of 22.66 and a beta of 0.87. Elbit Systems has a fifty-two week low of $109.81 and a fifty-two week high of $146.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.73 and a current ratio of 1.13.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 19th. The aerospace company reported $1.91 earnings per share for the quarter. The firm had revenue of $1.08 billion for the quarter. Elbit Systems had a return on equity of 14.47% and a net margin of 5.61%.

Several hedge funds have recently modified their holdings of ESLT. Advisor Group Inc. boosted its holdings in Elbit Systems by 3.5% in the first quarter. Advisor Group Inc. now owns 2,469 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 84 shares during the last quarter. Cardinal Capital Management boosted its holdings in Elbit Systems by 0.6% in the 4th quarter. Cardinal Capital Management now owns 13,995 shares of the aerospace company’s stock worth $1,595,000 after acquiring an additional 88 shares during the period. Penserra Capital Management LLC boosted its holdings in Elbit Systems by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 354 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 118 shares during the period. Wetherby Asset Management Inc. boosted its holdings in Elbit Systems by 8.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 2,388 shares of the aerospace company’s stock worth $308,000 after acquiring an additional 180 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Elbit Systems by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,385 shares of the aerospace company’s stock worth $1,184,000 after acquiring an additional 187 shares during the period. 8.02% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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