Zacks Investment Research lowered shares of Elbit Systems (NASDAQ:ESLT) from a hold rating to a sell rating in a research report released on Friday morning.
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. “
Other research analysts have also recently issued reports about the stock. Standpoint Research cut shares of Elbit Systems from an accumulate rating to a hold rating in a report on Thursday, October 5th. ValuEngine cut shares of Elbit Systems from a buy rating to a hold rating in a report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Elbit Systems from a buy rating to a strong-buy rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. Elbit Systems currently has a consensus rating of Hold and an average price target of $143.00.
Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in shares of Elbit Systems by 6.8% in the second quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock worth $109,000 after buying an additional 55 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Elbit Systems in the third quarter worth about $198,000. Quantum Capital Management acquired a new position in shares of Elbit Systems in the second quarter worth about $203,000. UBS Group AG boosted its holdings in shares of Elbit Systems by 138.9% in the first quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock worth $206,000 after buying an additional 1,056 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Elbit Systems in the third quarter worth about $206,000. Institutional investors own 11.15% of the company’s stock.
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About Elbit Systems
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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