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

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $840.00.

ESLT has been the topic of several recent research reports. Morgan Stanley set a $845.00 price target on shares of Elbit Systems in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. decreased their price objective on Elbit Systems from $950.00 to $885.00 and set a “neutral” rating for the company in a report on Wednesday, August 19th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $667.67 on Wednesday. The company has a fifty day moving average price of $733.15 and a 200 day moving average price of $788.47. Elbit Systems has a 1-year low of $453.00 and a 1-year high of $1,016.06. The firm has a market cap of $29.68 billion, a PE ratio of 50.31, a PEG ratio of 2.68 and a beta of 0.13. 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 (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.45. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. Research analysts predict that Elbit Systems will post 15.86 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, October 26th. Stockholders of record on Tuesday, October 13th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 13th. Elbit Systems’s dividend payout ratio is presently 25.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ESLT. Contravisory Investment Management Inc. acquired a new stake in Elbit Systems during the third quarter worth approximately $293,000. Grove Bank & Trust grew its position in shares of Elbit Systems by 100.0% in the third quarter. Grove Bank & Trust now owns 50 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Elbit Systems by 30.1% in the third quarter. Farther Finance Advisors LLC now owns 255 shares of the aerospace company’s stock valued at $174,000 after purchasing an additional 59 shares during the last quarter. Plan A Wealth LLC grew its position in shares of Elbit Systems by 36.4% in the third quarter. Plan A Wealth LLC now owns 360 shares of the aerospace company’s stock valued at $246,000 after purchasing an additional 96 shares during the last quarter. Finally, Venture Visionary Partners LLC increased its stake in shares of Elbit Systems by 4.3% during the third quarter. Venture Visionary Partners LLC now owns 600 shares of the aerospace company’s stock worth $409,000 after purchasing an additional 25 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Company Profile

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.