Elbit Systems Ltd. (NASDAQ:ESLT – Get Free Report) shares gapped down before the market opened on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $950.00 to $885.00. The stock had previously closed at $795.71, but opened at $773.40. JPMorgan Chase & Co. currently has a neutral rating on the stock. Elbit Systems shares last traded at $753.5750, with a volume of 38,167 shares traded.
Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 24th. Weiss Ratings cut Elbit Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Morgan Stanley set a $845.00 price target on Elbit Systems in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group cut their price target on Elbit Systems from $950.00 to $880.00 and set a “hold” rating for the company in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $787.50.
Institutional Investors Weigh In On Elbit Systems
Elbit Systems Price Performance
The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.04. The company has a market cap of $33.06 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 3.19 and a beta of 0.17. The stock’s 50-day simple moving average is $786.06 and its 200 day simple moving average is $811.62.
Elbit Systems (NASDAQ:ESLT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.45. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Elbit Systems had a net margin of 7.44% and a return on equity of 16.66%. On average, equities research analysts anticipate that Elbit Systems Ltd. will post 15.3 EPS for the current fiscal year.
Elbit Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, October 13th. Elbit Systems’s dividend payout ratio (DPR) is 25.09%.
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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