Zacks: Elbit Systems Ltd (ESLT) Given Consensus Rating of “Hold” by Brokerages

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

Brokers have set a 12 month consensus price target of $131.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 168 out of 265 based on the ratings given to its competitors.

ESLT has been the subject of several research analyst reports. Zacks Investment Research raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 price target for the company in a research report on Tuesday, October 17th. BidaskClub lowered shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Standpoint Research lowered shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, ValuEngine lowered shares of Elbit Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Elbit Systems in the third quarter worth $882,000. Russell Investments Group Ltd. increased its position in shares of Elbit Systems by 387.1% in the third quarter. Russell Investments Group Ltd. now owns 17,045 shares of the aerospace company’s stock worth $2,507,000 after acquiring an additional 13,546 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Elbit Systems by 191.9% in the second quarter. Goldman Sachs Group Inc. now owns 29,112 shares of the aerospace company’s stock worth $3,602,000 after acquiring an additional 19,140 shares in the last quarter. Lenox Wealth Management Inc. increased its position in shares of Elbit Systems by 28.9% in the third quarter. Lenox Wealth Management Inc. now owns 4,440 shares of the aerospace company’s stock worth $653,000 after acquiring an additional 996 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Elbit Systems by 6.5% in the second quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock worth $65,202,000 after acquiring an additional 32,258 shares in the last quarter. 11.14% of the stock is owned by institutional investors.

Shares of Elbit Systems (NASDAQ:ESLT) traded up $0.65 during mid-day trading on Friday, reaching $135.43. 67,035 shares of the company traded hands, compared to its average volume of 37,848. Elbit Systems has a 1 year low of $101.61 and a 1 year high of $153.13. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $5,761.58, a price-to-earnings ratio of 24.45 and a beta of 0.60.

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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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