Elbit Systems Ltd. (NASDAQ:ESLT) Stock Has Consensus Price Target of $840.00

by · The Cerbat Gem

Shares of Elbit Systems Ltd. (NASDAQ:ESLT – Get Free Report) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have covered the stock in the last year is $840.00.

A number of equities research analysts have recently issued reports on ESLT shares. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings raised shares of Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Elbit Systems from $950.00 to $885.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 19th. Morgan Stanley set a $845.00 price target on shares of Elbit Systems in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group dropped their price objective on shares of Elbit Systems from $880.00 to $790.00 and set a “hold” rating for the company in a research note on Monday, October 5th.

Get Our Latest Stock Report on ESLT

Elbit Systems Stock Performance

NASDAQ ESLT opened at $655.74 on Wednesday. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 2.68 and a beta of 0.13. The stock has a 50-day moving average of $740.31 and a 200 day moving average of $791.89. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. Elbit Systems has a twelve month low of $453.00 and a twelve month high of $1,016.06.

Elbit Systems (NASDAQ:ESLT – Get Free Report) last announced its earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.45. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. Sell-side analysts anticipate that Elbit Systems will post 15.86 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.6%. Elbit Systems’s dividend payout ratio is currently 25.09%.

Hedge Funds Weigh In On Elbit Systems

A number of institutional investors have recently bought and sold shares of ESLT. Royal Bank of Canada increased its position in shares of Elbit Systems by 45.8% during the 1st quarter. Royal Bank of Canada now owns 6,039 shares of the aerospace company’s stock worth $5,127,000 after purchasing an additional 1,898 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Elbit Systems in the 2nd quarter valued at about $3,633,000. Navellier & Associates Inc. raised its holdings in Elbit Systems by 10.3% in the 2nd quarter. Navellier & Associates Inc. now owns 16,247 shares of the aerospace company’s stock valued at $12,327,000 after buying an additional 1,514 shares during the period. Engineers Gate Manager LP lifted its position in Elbit Systems by 542.8% in the second quarter. Engineers Gate Manager LP now owns 2,507 shares of the aerospace company’s stock valued at $1,902,000 after buying an additional 2,117 shares during the last quarter. Finally, Krane Financial Solutions LLC acquired a new position in Elbit Systems in the first quarter valued at about $1,443,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Company Profile

(Get Free Report)

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies integrated solutions for military, homeland security, and commercial aviation customers. Its offerings support airborne, land, naval, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) applications.

The company’s products and services include unmanned aircraft systems, electro-optical and night-vision systems, electronic warfare and signals intelligence solutions, communications equipment, tactical radios, artillery and precision munitions, armored vehicle systems, and military training and simulation technologies.

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