Elbit Systems Ltd. (NASDAQ:ESLT) Given $110.00 Consensus Target Price by Analysts
Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price target of $110.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 55 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on ESLT shares. BidaskClub raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Chardan Capital began coverage on Elbit Systems in a research note on Friday, May 5th. They set a “neutral” rating and a $110.00 target price on the stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning boosted its position in shares of Elbit Systems by 66.7% in the first quarter. Creative Planning now owns 1,000 shares of the aerospace company’s stock valued at $114,000 after buying an additional 400 shares during the period. Bartlett & Co. LLC purchased a new position in Elbit Systems during the first quarter valued at about $114,000. Westbourne Investment Advisors Inc. purchased a new position in Elbit Systems during the first quarter valued at about $202,000. UBS Group AG increased its position in Elbit Systems by 138.9% in the first quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock valued at $206,000 after buying an additional 1,056 shares during the last quarter. Finally, US Bancorp DE increased its position in Elbit Systems by 45.2% in the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock valued at $208,000 after buying an additional 571 shares during the last quarter. 10.84% of the stock is currently owned by institutional investors.
Elbit Systems (ESLT) traded up 0.74% on Monday, reaching $124.67. The company’s stock had a trading volume of 5,792 shares. Elbit Systems has a 52-week low of $90.06 and a 52-week high of $127.97. The stock’s 50 day moving average price is $122.95 and its 200 day moving average price is $115.20. The firm has a market cap of $5.33 billion, a PE ratio of 23.15 and a beta of 0.62.
Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share for the quarter. The business had revenue of $749.19 million during the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. Equities research analysts expect that Elbit Systems will post $6.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Friday, May 26th were paid a $0.44 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $1.76 annualized dividend and a yield of 1.41%. Elbit Systems’s dividend payout ratio (DPR) is currently 32.65%.
About Elbit Systems
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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