Elbit Systems Ltd. (NASDAQ:ESLT) Receives $870.00 Average PT from Analysts

Elbit Systems Ltd. (NASDAQ:ESLTGet Free Report) has earned an average recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $870.00.

ESLT has been the subject of a number of recent research reports. Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Morgan Stanley set a $845.00 price target on shares of Elbit Systems in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of Elbit Systems from $950.00 to $885.00 and set a “neutral” rating for the company in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group decreased their target price on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research report on Wednesday, June 24th.

Get Our Latest Stock Report on Elbit Systems

Elbit Systems Trading Down 0.7%

NASDAQ:ESLT opened at $743.34 on Friday. Elbit Systems has a 1 year low of $453.00 and a 1 year high of $1,016.06. 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 fifty day moving average price of $761.20 and a two-hundred day moving average price of $812.90. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 3.11 and a beta of 0.14.

Elbit Systems (NASDAQ:ESLTGet Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $2.25 billion. Elbit Systems had a net margin of 7.44% and a return on equity of 16.66%. As a group, sell-side analysts anticipate that Elbit Systems will post 15.61 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

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

Institutional Investors Weigh In On Elbit Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd raised its stake in Elbit Systems by 34.4% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,550,618 shares of the aerospace company’s stock worth $893,941,000 after purchasing an additional 397,049 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Elbit Systems by 206.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 269,599 shares of the aerospace company’s stock valued at $228,914,000 after buying an additional 181,524 shares during the period. Jennison Associates LLC purchased a new stake in shares of Elbit Systems during the 1st quarter valued at $128,135,000. Meitav Investment House Ltd. increased its holdings in shares of Elbit Systems by 8.9% during the 1st quarter. Meitav Investment House Ltd. now owns 397,089 shares of the aerospace company’s stock worth $332,985,000 after buying an additional 32,617 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Elbit Systems by 27.7% during the 1st quarter. Swiss National Bank now owns 102,740 shares of the aerospace company’s stock worth $85,619,000 after buying an additional 22,315 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

(Get Free Report)

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies systems for military, homeland security, and commercial aviation applications. The company’s portfolio includes command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions; unmanned aircraft and ground systems; electro-optical and night-vision equipment; electronic warfare and signals intelligence systems; and cyber-related technologies.

Elbit Systems also provides products and services for land forces, including artillery systems, precision-guided munitions, vehicle systems, tactical communications, and fire-control solutions.

Further Reading

Analyst Recommendations for Elbit Systems (NASDAQ:ESLT)

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