BidaskClub lowered shares of Elbit Systems (NASDAQ:ESLT) from a buy rating to a hold rating in a research note issued to investors on Saturday morning, BidAskClub reports.

A number of other research analysts also recently commented on the stock. Standpoint Research downgraded shares of Elbit Systems from a buy rating to a hold rating in a research report on Thursday, July 25th. ValuEngine downgraded shares of Elbit Systems from a buy rating to a hold rating in a research report on Thursday, August 1st.

NASDAQ ESLT opened at $156.94 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 1.15. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 23.79 and a beta of 0.80. The company’s 50-day simple moving average is $156.40 and its two-hundred day simple moving average is $142.64. Elbit Systems has a one year low of $109.81 and a one year high of $166.50.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Thursday, August 15th. The aerospace company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.04). The business had revenue of $1.06 billion for the quarter. Elbit Systems had a net margin of 4.18% and a return on equity of 14.52%.

Institutional investors have recently modified their holdings of the company. Bremer Bank National Association purchased a new position in shares of Elbit Systems in the 1st quarter worth approximately $34,000. Penserra Capital Management LLC grew its position in shares of 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 buying an additional 118 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Elbit Systems in the 2nd quarter worth approximately $53,000. Tower Research Capital LLC TRC purchased a new position in shares of Elbit Systems in the 2nd quarter worth approximately $53,000. Finally, Quadrant Capital Group LLC grew its position in shares of Elbit Systems by 60.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,177 shares of the aerospace company’s stock worth $151,000 after buying an additional 444 shares during the last quarter. 8.36% 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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