Zacks: Elbit Systems Ltd. (ESLT) Given $131.00 Consensus Price Target by Brokerages
Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a one year consensus price target of $131.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 186 out of 265 based on the ratings given to its competitors.
A number of brokerages recently issued reports on ESLT. ValuEngine raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. BidaskClub downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. increased its stake in Elbit Systems by 2.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 1,928 shares of the aerospace company’s stock worth $238,000 after buying an additional 41 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Elbit Systems by 6.8% in the second quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 55 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Elbit Systems by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,766 shares of the aerospace company’s stock worth $1,209,000 after acquiring an additional 108 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Elbit Systems by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the aerospace company’s stock worth $511,000 after acquiring an additional 181 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Elbit Systems by 7.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,480 shares of the aerospace company’s stock worth $398,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 11.13% of the company’s stock.
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Shares of Elbit Systems (ESLT) traded down 0.21% on Wednesday, reaching $149.89. 18,000 shares of the company’s stock were exchanged. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 26.86 and a beta of 0.61. The firm’s 50-day moving average price is $139.69 and its 200 day moving average price is $126.17. Elbit Systems has a 12 month low of $94.91 and a 12 month high of $150.99.
Elbit Systems (NASDAQ:ESLT) last announced its quarterly 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 company had revenue of $818.30 million during the quarter. Equities research analysts predict that Elbit Systems will post $6.27 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, September 1st were issued a dividend of $0.44 per share. This is an increase from Elbit Systems’s previous dividend of $0.37. The ex-dividend date of this dividend was Wednesday, August 30th. Elbit Systems’s dividend payout ratio (DPR) is presently 31.54%.
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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