Brokerages Set $131.00 Target Price for Elbit Systems Ltd. (ESLT)
Elbit Systems Ltd. (NASDAQ:ESLT) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus target price of $131.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 187 out of 265 based on the ratings given to related companies.
Several research analysts have weighed in on ESLT shares. BidaskClub lowered Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. ValuEngine upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Standpoint Research downgraded Elbit Systems from an “accumulate” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Zacks Investment Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 target price for the company in a research note on Tuesday, October 17th.
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.
Institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Elbit Systems by 6.8% during the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock worth $109,000 after buying an additional 55 shares in the last quarter. Keybank National Association OH acquired a new position in Elbit Systems in the 3rd quarter worth about $217,000. Westbourne Investment Advisors Inc. acquired a new position in Elbit Systems in the 3rd quarter worth about $232,000. Quantum Capital Management acquired a new position in Elbit Systems in the 2nd quarter worth about $203,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Elbit Systems in the 2nd quarter worth about $210,000. 11.17% of the stock is owned by institutional investors.
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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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