Analysts Set Elbit Systems Ltd. (NASDAQ:ESLT) Price Target at $530.33

Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $530.3333.

A number of equities analysts have commented on the stock. Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Morgan Stanley initiated coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price for the company. JPMorgan Chase & Co. began coverage on Elbit Systems in a research report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price target on the stock. Bank of America lifted their price target on Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered Elbit Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th.

Institutional Investors Weigh In On Elbit Systems

A number of institutional investors have recently made changes to their positions in ESLT. Tudor Investment Corp ET AL raised its position in Elbit Systems by 27.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,049 shares of the aerospace company’s stock worth $535,000 after purchasing an additional 223 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Elbit Systems by 188.2% in the third quarter. CIBC Private Wealth Group LLC now owns 343 shares of the aerospace company’s stock worth $175,000 after buying an additional 224 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Elbit Systems in the third quarter worth about $221,000. NewEdge Advisors LLC lifted its stake in shares of Elbit Systems by 5.9% in the 3rd quarter. NewEdge Advisors LLC now owns 776 shares of the aerospace company’s stock valued at $395,000 after acquiring an additional 43 shares during the last quarter. Finally, PDT Partners LLC boosted its holdings in Elbit Systems by 11.2% during the 3rd quarter. PDT Partners LLC now owns 18,126 shares of the aerospace company’s stock valued at $9,241,000 after acquiring an additional 1,826 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $539.71 on Thursday. The stock’s 50-day simple moving average is $486.42 and its two-hundred day simple moving average is $471.28. Elbit Systems has a twelve month low of $255.01 and a twelve month high of $551.29. The firm has a market capitalization of $23.99 billion, a P/E ratio of 54.85, a P/E/G ratio of 1.81 and a beta of 0.24. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, topping the consensus estimate of $2.75 by $0.60. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%. As a group, equities analysts anticipate that Elbit Systems will post 8.05 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, December 22nd. Elbit Systems’s dividend payout ratio (DPR) is presently 25.41%.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.