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

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have earned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $550.3333.

A number of brokerages recently commented on ESLT. Wall Street Zen downgraded Elbit Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Morgan Stanley assumed coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. USA Financial Formulas bought a new stake in shares of Elbit Systems during the third quarter valued at about $26,000. Activest Wealth Management acquired a new position in Elbit Systems during the 2nd quarter valued at about $28,000. Traub Capital Management LLC bought a new stake in shares of Elbit Systems during the 2nd quarter worth about $31,000. Financial Consulate Inc. acquired a new stake in shares of Elbit Systems in the 3rd quarter worth approximately $60,000. Finally, Wexford Capital LP bought a new position in shares of Elbit Systems in the third quarter valued at approximately $63,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Stock Up 2.5%

Shares of NASDAQ:ESLT opened at $591.96 on Monday. The company’s fifty day moving average is $505.24 and its two-hundred day moving average is $483.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. Elbit Systems has a 1-year low of $261.00 and a 1-year high of $593.00. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 60.16, a price-to-earnings-growth ratio of 1.80 and a beta of 0.22.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.60. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Elbit Systems had a net margin of 5.91% and a return on equity of 15.04%. Equities analysts anticipate that Elbit Systems will post 8.05 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 22nd. Elbit Systems’s dividend payout ratio (DPR) is currently 22.87%.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.