Elbit Systems Ltd. (NASDAQ:ESLT) Stock Has Average Target Price of $841.67

Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $841.67.

Several brokerages have issued reports on ESLT. Morgan Stanley set a $850.00 price objective on shares of Elbit Systems in a research report on Friday, October 16th. JPMorgan Chase & Co. reduced their target price 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. Jefferies Financial Group decreased their target price 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. Weiss Ratings raised shares of Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th.

Elbit Systems Trading Up 1.9%

Shares of ESLT opened at $756.62 on Friday. Elbit Systems has a 12 month low of $453.00 and a 12 month high of $1,016.06. The stock’s 50-day moving average is $724.39 and its two-hundred day moving average is $784.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.89. The stock has a market cap of $33.63 billion, a PE ratio of 57.02, a P/E/G ratio of 3.01 and a beta of 0.09.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, August 11th. The aerospace company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.69 by $0.45. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. Equities analysts forecast that Elbit Systems will post 16.02 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were issued a dividend of $1.00 per share. 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, October 13th. Elbit Systems’s dividend payout ratio (DPR) is currently 25.09%.

Institutional Trading of Elbit Systems

Several hedge funds have recently made changes to their positions in ESLT. Royal Bank of Canada grew its position in Elbit Systems by 45.8% in the 1st quarter. Royal Bank of Canada now owns 6,039 shares of the aerospace company’s stock valued at $5,127,000 after buying an additional 1,898 shares in the last quarter. Navellier & Associates Inc. increased its stake in Elbit Systems by 10.3% during 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. Public Employees Retirement System of Ohio bought a new stake in shares of Elbit Systems during the 2nd quarter worth about $3,633,000. Engineers Gate Manager LP lifted its stake in shares of Elbit Systems by 542.8% in the 2nd quarter. Engineers Gate Manager LP now owns 2,507 shares of the aerospace company’s stock worth $1,902,000 after acquiring an additional 2,117 shares during the period. Finally, Krane Financial Solutions LLC acquired a new stake in shares of Elbit Systems in the 1st quarter worth approximately $1,443,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies a broad range of systems for military, homeland security, and commercial aviation customers. Its offerings include command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems; unmanned aerial systems; electro-optical and night-vision technologies; electronic warfare and signal intelligence solutions; and cyber-related capabilities.

The company also provides land systems, artillery and precision ammunition solutions, military vehicle systems, avionics, aircraft mission systems, training and simulation technologies, and helmet-mounted displays.