Elbit Systems Ltd. (NASDAQ:ESLT) Short Interest Down 19.7% in February

by · The Markets Daily

Elbit Systems Ltd. (NASDAQ:ESLT – Get Free Report) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 142,422 shares, a decrease of 19.7% from the January 29th total of 177,412 shares. Based on an average daily volume of 119,804 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 119,804 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Elbit Systems

Institutional Trading of Elbit Systems

Several institutional investors and hedge funds have recently bought and sold shares of ESLT. CoreCap Advisors LLC bought a new position in shares of Elbit Systems in the 4th quarter worth approximately $26,000. USA Financial Formulas bought a new position in shares of Elbit Systems in the 3rd quarter worth about $26,000. Traub Capital Management LLC bought a new stake in Elbit Systems during the second quarter worth about $31,000. Financial Consulate Inc. purchased a new stake in Elbit Systems in the third quarter worth about $60,000. Finally, Leonteq Securities AG bought a new position in shares of Elbit Systems during the fourth quarter valued at approximately $68,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Trading Down 0.9%

NASDAQ:ESLT traded down $7.40 during trading hours on Tuesday, hitting $821.96. The company had a trading volume of 128,590 shares, compared to its average volume of 141,256. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76. The stock has a 50-day moving average price of $684.74 and a 200 day moving average price of $558.66. The company has a market capitalization of $36.54 billion, a PE ratio of 83.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.22. Elbit Systems has a 52 week low of $333.37 and a 52 week high of $833.25.

Elbit Systems Company Profile

(Get Free Report)

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.

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