Elbit Systems Ltd. (NASDAQ:ESLT) Receives Average Rating of “Hold” from Brokerages

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $803.75.

A number of equities analysts have issued reports on ESLT shares. JPMorgan Chase & Co. increased their price target on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Jefferies Financial Group cut their price objective on Elbit Systems from $950.00 to $880.00 and set a “hold” rating for the company in a report on Wednesday, June 24th. Finally, Morgan Stanley set a $845.00 target price on Elbit Systems in a research note on Wednesday, July 15th.

Elbit Systems Trading Up 2.0%

Elbit Systems stock opened at $808.60 on Friday. The firm has a 50 day simple moving average of $791.82 and a 200-day simple moving average of $797.08. 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 stock has a market capitalization of $35.94 billion, a PE ratio of 65.47, a price-to-earnings-growth ratio of 3.36 and a beta of 0.17. Elbit Systems has a 12-month low of $432.85 and a 12-month high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.89. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. As a group, equities research analysts expect that Elbit Systems will post 15.3 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 23rd. Elbit Systems’s dividend payout ratio is presently 26.96%.

Hedge Funds Weigh In On Elbit Systems

Hedge funds have recently made changes to their positions in the business. Orser Capital Management LLC bought a new stake in shares of Elbit Systems in the 2nd quarter worth approximately $2,203,000. 180 Wealth Advisors LLC lifted its stake in Elbit Systems by 6.2% during the second quarter. 180 Wealth Advisors LLC now owns 428 shares of the aerospace company’s stock valued at $325,000 after purchasing an additional 25 shares during the last quarter. CX Institutional bought a new stake in Elbit Systems during the second quarter worth approximately $143,000. Parallel Advisors LLC boosted its holdings in Elbit Systems by 2.0% during the first quarter. Parallel Advisors LLC now owns 883 shares of the aerospace company’s stock worth $750,000 after buying an additional 17 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new position in Elbit Systems in the first quarter worth approximately $46,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

About Elbit Systems

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.