Analysts Set $114.00 Target Price for Elbit Systems Ltd. (ESLT)
Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 1 year consensus price objective of $114.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 162 out of 265 based on the ratings given to its competitors.
ESLT has been the topic of several research reports. BidaskClub cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. ValuEngine raised Elbit Systems from a “hold” rating to a “buy” rating in a report on Wednesday.
Several hedge funds have recently modified their holdings of ESLT. Creative Planning increased its holdings 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 worth $114,000 after purchasing an additional 400 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Elbit Systems by 184.1% during the first quarter. Russell Investments Group Ltd. now owns 8,799 shares of the aerospace company’s stock worth $1,005,000 after acquiring an additional 5,702 shares during the last quarter. Wells Fargo & Company MN increased its stake in Elbit Systems by 403.6% during the first quarter. Wells Fargo & Company MN now owns 16,935 shares of the aerospace company’s stock worth $1,925,000 after acquiring an additional 13,572 shares during the last quarter. US Bancorp DE increased its stake in Elbit Systems by 45.2% during the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 571 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Elbit Systems by 15.5% during the first quarter. Bank of New York Mellon Corp now owns 55,154 shares of the aerospace company’s stock worth $6,268,000 after acquiring an additional 7,417 shares during the last quarter. 11.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Elbit Systems (ESLT) traded up 1.08% during trading on Friday, hitting $140.99. The stock had a trading volume of 26,191 shares. The company has a market cap of $6.03 billion, a PE ratio of 25.27 and a beta of 0.62. Elbit Systems has a 12 month low of $91.20 and a 12 month high of $142.23. The stock has a 50 day moving average of $131.73 and a 200 day moving average of $123.08.
Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter. Elbit Systems had a return on equity of 16.38% and a net margin of 7.23%. The firm had revenue of $818.30 million for the quarter. Equities analysts forecast that Elbit Systems will post $6.27 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a $0.44 dividend. This is a boost from Elbit Systems’s previous dividend of $0.37. The ex-dividend date is Wednesday, August 30th. Elbit Systems’s payout ratio is 31.54%.
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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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