Elbit Systems (NASDAQ:ESLT) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Elbit Systems (NASDAQ:ESLT) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

Several other equities analysts have also recently issued reports on the company. BidaskClub upgraded Elbit Systems from a sell rating to a hold rating in a research note on Tuesday, July 9th. Standpoint Research cut Elbit Systems from a buy rating to a hold rating in a research note on Thursday, July 25th.

Shares of ESLT traded up $1.47 during midday trading on Thursday, hitting $157.75. The company had a trading volume of 5,886 shares, compared to its average volume of 9,799. The company has a 50-day moving average price of $154.51. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 24.30 and a beta of 0.79. Elbit Systems has a 1 year low of $109.81 and a 1 year high of $161.84.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.46. The business had revenue of $1.02 billion during the quarter. Elbit Systems had a return on equity of 14.75% and a net margin of 5.34%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bremer Bank National Association purchased a new position in shares of Elbit Systems in the 1st quarter valued at about $34,000. Contravisory Investment Management Inc. purchased a new stake in Elbit Systems during the second quarter worth approximately $53,000. Penserra Capital Management LLC lifted its stake in Elbit Systems by 50.0% during the first quarter. Penserra Capital Management LLC now owns 354 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 118 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Elbit Systems by 108.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,147 shares of the aerospace company’s stock worth $171,000 after purchasing an additional 597 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Elbit Systems by 60.6% during the first quarter. Quadrant Capital Group LLC now owns 1,177 shares of the aerospace company’s stock worth $151,000 after purchasing an additional 444 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

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; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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