Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus price target of $131.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 108 out of 265 based on the ratings given to related companies.

ESLT has been the subject of several recent analyst reports. BidaskClub cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. ValuEngine raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Standpoint Research cut Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research raised Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 target price for the company in a research report on Tuesday.

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Several institutional investors have recently modified their holdings of ESLT. Russell Investments Group Ltd. boosted its position in shares of Elbit Systems by 184.1% in the first quarter. Russell Investments Group Ltd. now owns 8,799 shares of the aerospace company’s stock worth $1,005,000 after buying an additional 5,702 shares during the period. Wells Fargo & Company MN boosted its position in shares of Elbit Systems by 403.6% in the first quarter. Wells Fargo & Company MN now owns 16,935 shares of the aerospace company’s stock worth $1,925,000 after buying an additional 13,572 shares during the period. US Bancorp DE boosted its position in shares of Elbit Systems by 45.2% in the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock worth $208,000 after buying an additional 571 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Elbit Systems by 15.5% in the first quarter. Bank of New York Mellon Corp now owns 55,154 shares of the aerospace company’s stock worth $6,268,000 after buying an additional 7,417 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Elbit Systems by 86.5% in the first quarter. Parametric Portfolio Associates LLC now owns 30,703 shares of the aerospace company’s stock worth $3,489,000 after buying an additional 14,236 shares during the period. 11.14% of the stock is owned by institutional investors and hedge funds.

Shares of Elbit Systems (ESLT) traded down 0.72% during mid-day trading on Monday, hitting $150.10. The stock had a trading volume of 35,623 shares. The firm has a market cap of $6.42 billion, a P/E ratio of 26.90 and a beta of 0.61. The company has a 50 day moving average price of $144.80 and a 200 day moving average price of $128.91. Elbit Systems has a 12-month low of $94.91 and a 12-month high of $151.74.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter. The business had revenue of $818.30 million for the quarter. Elbit Systems had a return on equity of 16.38% and a net margin of 7.23%. Equities analysts forecast that Elbit Systems will post $6.27 earnings per share for the current fiscal year.

About Elbit Systems

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

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