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

Separately, ValuEngine cut Elbit Systems from a hold rating to a sell rating in a research report on Tuesday.

Shares of NASDAQ:ESLT traded up $1.06 during trading on Wednesday, reaching $164.59. 681 shares of the stock traded hands, compared to its average volume of 12,137. Elbit Systems has a 52-week low of $109.81 and a 52-week high of $166.77. The stock has a market cap of $7.04 billion, a P/E ratio of 26.49 and a beta of 0.88. The stock has a 50-day moving average of $163.30 and a two-hundred day moving average of $157.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 1.16.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, November 26th. The aerospace company reported $1.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.10 billion for the quarter. Elbit Systems had a net margin of 4.16% and a return on equity of 13.41%.

Several hedge funds have recently modified their holdings of ESLT. Royal Bank of Canada lifted its stake in Elbit Systems by 3.7% in the second quarter. Royal Bank of Canada now owns 2,388 shares of the aerospace company’s stock worth $357,000 after purchasing an additional 85 shares during the last quarter. Tower View Investment Management & Research LLC boosted its stake in shares of Elbit Systems by 0.8% during the third quarter. Tower View Investment Management & Research LLC now owns 13,681 shares of the aerospace company’s stock valued at $2,254,000 after purchasing an additional 105 shares during the period. First Allied Advisory Services Inc. boosted its stake in shares of Elbit Systems by 1.1% during the third quarter. First Allied Advisory Services Inc. now owns 10,718 shares of the aerospace company’s stock valued at $1,767,000 after purchasing an additional 116 shares during the period. Stifel Financial Corp grew its holdings in shares of Elbit Systems by 1.8% in the third quarter. Stifel Financial Corp now owns 7,494 shares of the aerospace company’s stock worth $1,238,000 after purchasing an additional 131 shares during the last quarter. Finally, KCS Wealth Advisory bought a new position in shares of Elbit Systems in the third quarter worth about $25,000. 9.08% 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; 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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