Elbit Systems (NASDAQ:ESLT – Get Free Report) had its price target cut by research analysts at JPMorgan Chase & Co. from $950.00 to $885.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.27% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Jefferies Financial Group lowered their price objective on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research note on Wednesday, June 24th. Weiss Ratings downgraded shares of Elbit Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $845.00 target price on shares of Elbit Systems in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Elbit Systems has a consensus rating of “Hold” and a consensus price target of $787.50.
View Our Latest Research Report on ESLT
Elbit Systems Stock Performance
Elbit Systems (NASDAQ:ESLT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The aerospace company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.69 by $0.45. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. On average, equities analysts forecast that Elbit Systems will post 15.3 EPS for the current fiscal year.
Institutional Trading of Elbit Systems
Hedge funds and other institutional investors have recently bought and sold shares of the stock. WPG Advisers LLC bought a new position in shares of Elbit Systems during the 1st quarter valued at approximately $26,000. Optiver Holding B.V. bought a new stake in Elbit Systems during the 1st quarter worth approximately $46,000. Wexford Capital LP bought a new stake in Elbit Systems during the 3rd quarter worth approximately $63,000. Leonteq Securities AG purchased a new position in Elbit Systems during the fourth quarter valued at approximately $68,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Elbit Systems during the fourth quarter valued at approximately $69,000. Hedge funds and other 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.
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