Elbit Systems Ltd. (NASDAQ:ESLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Elbit Systems Ltd. (NASDAQ:ESLT) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $742.75.

ESLT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $950.00 price target on shares of Elbit Systems in a research note on Wednesday, May 27th.

Insiders Place Their Bets

In other Elbit Systems news, EVP Haim Daniel Delmar sold 7,654 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,792,159.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ran Kril sold 6,803 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,036,982.20. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 69,736 shares of company stock valued at $61,883,726. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Elbit Systems

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Elbit Systems by 98.9% during the first quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock worth $946,000 after buying an additional 1,225 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Elbit Systems during the first quarter worth about $353,000. NewEdge Advisors LLC grew its holdings in shares of Elbit Systems by 3,461.1% during the first quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock worth $246,000 after buying an additional 623 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Elbit Systems by 33.7% during the first quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock worth $51,837,000 after buying an additional 34,049 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Elbit Systems by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock worth $6,339,000 after buying an additional 1,191 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

ESLT stock opened at $829.81 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86. The business has a 50 day simple moving average of $847.35 and a 200-day simple moving average of $729.10. The firm has a market capitalization of $36.89 billion, a PE ratio of 67.19, a price-to-earnings-growth ratio of 3.46 and a beta of 0.14. Elbit Systems has a 1 year low of $407.76 and a 1 year high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.89. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. Equities research analysts anticipate that Elbit Systems will post 15.94 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 23rd. Elbit Systems’s dividend payout ratio (DPR) is presently 26.96%.

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.