Elbit Systems Ltd (ESLT) Given $131.00 Average Target Price by Analysts

Elbit Systems Ltd (NASDAQ:ESLT) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokers have set a one year consensus target price of $131.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 108 out of 265 based on the ratings given to related companies.

A number of research analysts recently weighed in on ESLT shares. Zacks Investment Research raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 target price for the company in a report on Tuesday, October 17th. Standpoint Research lowered shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Finally, ValuEngine lowered shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of Elbit Systems (NASDAQ:ESLT) traded down $1.14 on Friday, reaching $138.36. 21,597 shares of the company’s stock were exchanged, compared to its average volume of 43,807. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.26. Elbit Systems has a twelve month low of $98.73 and a twelve month high of $153.13. The stock has a market cap of $5,914.61, a price-to-earnings ratio of 22.28 and a beta of 0.60.

Several hedge funds have recently bought and sold shares of ESLT. Vanguard Group Inc. grew its holdings in shares of Elbit Systems by 6.4% in the first quarter. Vanguard Group Inc. now owns 494,623 shares of the aerospace company’s stock valued at $56,214,000 after purchasing an additional 29,852 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Elbit Systems by 17.5% in the first quarter. Geode Capital Management LLC now owns 23,050 shares of the aerospace company’s stock valued at $2,619,000 after purchasing an additional 3,431 shares in the last quarter. UBS Group AG grew its holdings in shares of Elbit Systems by 138.9% in the first quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock valued at $206,000 after purchasing an additional 1,056 shares in the last quarter. Morgan Stanley grew its holdings in shares of Elbit Systems by 19.5% in the first quarter. Morgan Stanley now owns 24,104 shares of the aerospace company’s stock valued at $2,739,000 after purchasing an additional 3,933 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Elbit Systems by 7.2% in the second quarter. Bank of Montreal Can now owns 8,905 shares of the aerospace company’s stock valued at $1,101,000 after purchasing an additional 600 shares in the last quarter. 11.15% of the stock is owned by hedge funds and other 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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