Elbit Systems Ltd. (NASDAQ:ESLT) Receives Average Rating of “Hold” from Analysts

Shares of Elbit Systems Ltd. (NASDAQ:ESLTGet Free Report) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $803.75.

A number of equities research analysts recently commented on ESLT shares. JPMorgan Chase & Co. upped their price objective on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Morgan Stanley set a $845.00 target price on Elbit Systems in a report on Wednesday, July 15th. Weiss Ratings lowered Elbit Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group lowered their price target on Elbit Systems from $950.00 to $880.00 and set a “hold” rating for the company in a research note on Wednesday, June 24th. Finally, Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th.

Get Our Latest Stock Report on Elbit Systems

Hedge Funds Weigh In On Elbit Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in ESLT. Royal Bank of Canada increased its position in shares of Elbit Systems by 98.9% in the 1st quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock valued at $946,000 after buying an additional 1,225 shares in the last quarter. AQR Capital Management LLC bought a new position in Elbit Systems during the first quarter worth about $353,000. NewEdge Advisors LLC lifted its holdings in Elbit Systems by 3,461.1% during the first quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock worth $246,000 after acquiring an additional 623 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Elbit Systems by 33.7% in the first quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock valued at $51,837,000 after acquiring an additional 34,049 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Elbit Systems by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock valued at $6,339,000 after acquiring an additional 1,191 shares during the period. 17.88% of the stock is owned by institutional investors.

Elbit Systems Stock Performance

Shares of Elbit Systems stock opened at $782.84 on Tuesday. The firm has a fifty day moving average of $791.62 and a two-hundred day moving average of $810.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.39. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 58.99, a PEG ratio of 3.32 and a beta of 0.17. Elbit Systems has a 52 week low of $447.00 and a 52 week high of $1,016.06.

Elbit Systems (NASDAQ:ESLTGet Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.45. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%.The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. As a group, equities research analysts predict that Elbit Systems will post 15.3 EPS for the current year.

Elbit Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 13th. Elbit Systems’s dividend payout ratio is presently 25.09%.

About Elbit Systems

(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.

Further Reading

Analyst Recommendations for Elbit Systems (NASDAQ:ESLT)

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