Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus target price of $110.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 104 out of 265 based on the ratings given to its competitors.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Chardan Capital assumed coverage on shares of Elbit Systems in a research report on Friday, May 5th. They set a “neutral” rating and a $110.00 price target for the company.

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Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Elbit Systems during the fourth quarter worth approximately $314,000. Creative Planning increased its position 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 in the last quarter. Westbourne Investment Advisors Inc. acquired a new position in Elbit Systems during the first quarter worth approximately $202,000. Bartlett & Co. LLC acquired a new position in Elbit Systems during the first quarter worth approximately $114,000. Finally, Wetherby Asset Management Inc. acquired a new position in Elbit Systems during the first quarter worth approximately $214,000. 10.85% of the stock is owned by hedge funds and other institutional investors.

Shares of Elbit Systems (NASDAQ:ESLT) traded up 1.68% on Tuesday, hitting $131.89. 18,183 shares of the stock traded hands. The firm’s 50-day moving average is $124.87 and its 200 day moving average is $118.96. The firm has a market cap of $5.64 billion, a P/E ratio of 24.49 and a beta of 0.62. Elbit Systems has a 12-month low of $91.20 and a 12-month high of $132.54.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share for the quarter. Elbit Systems had a net margin of 7.00% and a return on equity of 16.45%. The business had revenue of $749.19 million during the quarter. Equities research analysts forecast that Elbit Systems will post $6.20 EPS for the current fiscal year.

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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