Elbit Systems (NASDAQ:ESLT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, Standpoint Research upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Elbit Systems has an average rating of “Hold”.

Shares of ESLT opened at $124.70 on Thursday. The firm has a market cap of $5.30 billion, a P/E ratio of 19.97 and a beta of 0.86. Elbit Systems has a 1-year low of $111.01 and a 1-year high of $151.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.36.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Thursday, August 16th. The aerospace company reported $1.35 earnings per share for the quarter. The business had revenue of $892.17 million for the quarter. Elbit Systems had a net margin of 7.74% and a return on equity of 15.26%.

A number of institutional investors and hedge funds have recently modified their holdings of ESLT. SG Americas Securities LLC acquired a new position in Elbit Systems during the third quarter worth $100,000. Paloma Partners Management Co acquired a new position in Elbit Systems during the second quarter worth $229,000. Voya Investment Management LLC increased its holdings in shares of Elbit Systems by 13.3% in the second quarter. Voya Investment Management LLC now owns 4,030 shares of the aerospace company’s stock valued at $473,000 after purchasing an additional 473 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Elbit Systems by 31.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,324 shares of the aerospace company’s stock valued at $669,000 after purchasing an additional 1,283 shares during the last quarter. Finally, Mitchell Capital Management Co. increased its holdings in shares of Elbit Systems by 45.9% in the second quarter. Mitchell Capital Management Co. now owns 5,778 shares of the aerospace company’s stock valued at $686,000 after purchasing an additional 1,819 shares during the last quarter. Institutional investors and hedge funds own 8.26% of the company’s stock.

About Elbit Systems

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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