Elbit Systems (NASDAQ:ESLT) Sets New 1-Year High – Here’s Why

Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week high during trading on Friday . The company traded as high as $741.79 and last traded at $734.1650, with a volume of 15787 shares trading hands. The stock had previously closed at $730.31.

Wall Street Analyst Weigh In

ESLT has been the subject of a number of recent research reports. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Morgan Stanley began coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Elbit Systems currently has an average rating of “Hold” and an average target price of $550.33.

Elbit Systems Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. The stock’s 50-day simple moving average is $657.11 and its two-hundred day simple moving average is $544.82. The stock has a market cap of $32.22 billion, a price-to-earnings ratio of 73.65, a price-to-earnings-growth ratio of 2.20 and a beta of 0.22.

Institutional Trading of Elbit Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in Elbit Systems during the third quarter valued at approximately $26,000. CoreCap Advisors LLC bought a new stake in Elbit Systems in the fourth quarter valued at $26,000. Traub Capital Management LLC acquired a new position in Elbit Systems during the second quarter worth $31,000. Financial Consulate Inc. acquired a new stake in shares of Elbit Systems in the 3rd quarter valued at $60,000. Finally, Wexford Capital LP bought a new stake in shares of Elbit Systems in the 3rd quarter worth about $63,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.