Zacks: Elbit Systems Ltd. (ESLT) Receives Consensus Recommendation of “Hold” from Brokerages
Elbit Systems Ltd. (NASDAQ:ESLT) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 1 year consensus price target of $110.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 107 out of 265 based on the ratings given to its competitors.
ESLT has been the topic of a number of research analyst reports. Chardan Capital initiated coverage on Elbit Systems in a research note on Friday, May 5th. They issued a “neutral” rating and a $110.00 target price on the stock. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th.
Several institutional investors have recently made changes to their positions in ESLT. Russell Investments Group Ltd. acquired a new position in shares of Elbit Systems during the fourth quarter worth $314,000. Creative Planning boosted its stake in Elbit Systems by 66.7% in the first quarter. Creative Planning now owns 1,000 shares of the aerospace company’s stock worth $114,000 after buying an additional 400 shares during the period. Westbourne Investment Advisors Inc. bought a new stake in Elbit Systems during the first quarter worth approximately $202,000. Bartlett & Co. LLC bought a new stake in Elbit Systems during the first quarter worth approximately $114,000. Finally, Wetherby Asset Management Inc. bought a new stake in Elbit Systems during the first quarter worth approximately $214,000. Hedge funds and other institutional investors own 10.84% of the company’s stock.
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Elbit Systems (NASDAQ ESLT) traded up 0.33% during mid-day trading on Friday, reaching $126.52. The company had a trading volume of 3,944 shares. Elbit Systems has a one year low of $91.20 and a one year high of $127.97. The stock has a 50 day moving average price of $124.77 and a 200 day moving average price of $117.54. The company has a market capitalization of $5.41 billion, a P/E ratio of 23.49 and a beta of 0.62.
Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share (EPS) 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%. On average, equities analysts expect that Elbit Systems will post $6.20 earnings per share for the current fiscal year.
Elbit Systems Company Profile
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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