Analysts Set $131.00 Target Price for Elbit Systems Ltd (ESLT)

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

Brokerages have set a 12 month consensus target price of $131.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 111 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on ESLT shares. 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 report on Tuesday, October 17th. ValuEngine upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Standpoint Research downgraded Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub downgraded Elbit Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings 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 valued at $65,202,000 after buying an additional 32,258 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in Elbit Systems by 39.7% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 383,153 shares of the aerospace company’s stock valued at $51,070,000 after purchasing an additional 108,971 shares during the period. JPMorgan Chase & Co. raised its stake in Elbit Systems by 19.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,281 shares of the aerospace company’s stock valued at $8,254,000 after purchasing an additional 9,336 shares during the period. Bank of New York Mellon Corp raised its stake in Elbit Systems by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 53,334 shares of the aerospace company’s stock valued at $7,844,000 after purchasing an additional 1,806 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Elbit Systems by 25.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 38,517 shares of the aerospace company’s stock valued at $4,766,000 after purchasing an additional 7,814 shares during the period. 11.15% of the stock is currently owned by institutional investors.

Elbit Systems (NASDAQ:ESLT) opened at $149.79 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6,470.00, a P/E ratio of 27.04 and a beta of 0.59. Elbit Systems has a 52-week low of $108.53 and a 52-week high of $153.13.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, November 14th. The aerospace company reported $1.57 earnings per share for the quarter. The firm had revenue of $800.73 million during the quarter. Elbit Systems had a return on equity of 16.32% and a net margin of 7.13%. research analysts anticipate that Elbit Systems will post 6.63 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/01/analysts-set-131-00-target-price-for-elbit-systems-ltd-eslt.html.

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.

Get a free copy of the Zacks research report on Elbit Systems (ESLT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Elbit Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply