Elbit Systems (NASDAQ:ESLT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Elbit Systems is a worldwide leader in Night Vision Goggles Head-Up Displays (“NVG-HUD”). They are a major supplier to the U.S Army and U.S. Marine Corps of Night Vision Head-Up Display systems for use in various types of helicopters. Elbit Systems Ltd. is engaged in a wide range of defense-related airborne, ground and command, control and communications programs throughout the world. Their focus is on the upgrading of existing military platforms and developing new technologies for defense applications. “

Several other research analysts have also commented on ESLT. BidaskClub upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Standpoint Research lowered shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $143.00.

Shares of Elbit Systems (ESLT) traded down $1.14 on Friday, hitting $138.36. 21,597 shares of the stock traded hands, compared to its average volume of 33,940. Elbit Systems has a 52 week low of $98.73 and a 52 week high of $153.13. The firm has a market cap of $6,160.42, a price-to-earnings ratio of 23.21 and a beta of 0.62. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.

Large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new position in Elbit Systems in the 3rd quarter valued at $882,000. Goldman Sachs Group Inc. grew its stake in Elbit Systems by 191.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 29,112 shares of the aerospace company’s stock valued at $3,602,000 after buying an additional 19,140 shares during the last quarter. Vanguard Group Inc. grew its stake in Elbit Systems by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock valued at $65,202,000 after buying an additional 32,258 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Elbit Systems in the 2nd quarter valued at $1,269,000. Finally, Westbourne Investment Advisors Inc. acquired a new position in Elbit Systems in the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 11.15% of the company’s stock.

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Elbit Systems Company Profile

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

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