Elbit Systems Ltd. (ESLT) – What Are Brokerages Saying About This Stock?

Elbit Systems Ltd. (NASDAQ:ESLT) has received a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $841.67.

A number of analysts recently commented on ESLT shares. Morgan Stanley set a $850.00 target price on shares of Elbit Systems in a report on Friday, October 16th. Weiss Ratings upgraded shares of Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Jefferies Financial Group decreased their price target on shares of Elbit Systems from $880.00 to $790.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. dropped their price target on Elbit Systems from $950.00 to $885.00 and set a “neutral” rating on the stock in a report on Wednesday, August 19th. Finally, Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th.

Institutional Trading of Elbit Systems

A number of hedge funds have recently modified their holdings of the business. Ethic Inc. acquired a new position in shares of Elbit Systems in the 3rd quarter valued at about $242,000. StoneX Group Inc. acquired a new stake in shares of Elbit Systems during the third quarter worth approximately $315,000. Parallel Advisors LLC boosted its holdings in shares of Elbit Systems by 1.7% during the third quarter. Parallel Advisors LLC now owns 906 shares of the aerospace company’s stock worth $618,000 after purchasing an additional 15 shares during the period. Allegiance Financial Group Advisory Services LLC purchased a new position in Elbit Systems during the third quarter valued at approximately $1,376,000. Finally, Integrity Alliance LLC. grew its position in Elbit Systems by 62.3% during the third quarter. Integrity Alliance LLC. now owns 456 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

NASDAQ ESLT opened at $682.59 on Friday. Elbit Systems has a 12 month low of $453.00 and a 12 month high of $1,016.06. The firm has a market capitalization of $30.34 billion, a PE ratio of 51.44, a P/E/G ratio of 2.76 and a beta of 0.09. The company’s 50 day simple moving average is $721.87 and its 200 day simple moving average is $783.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.89.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.45. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. As a group, equities research analysts forecast that Elbit Systems will post 16.02 EPS 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 $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, October 13th. Elbit Systems’s dividend payout ratio (DPR) is presently 25.09%.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense technology company headquartered in Haifa. Founded in 1966, it develops and supplies electronic systems and related services for military and security customers.

Its products include aircraft and helicopter systems, unmanned aircraft, electro-optical equipment, communications and command-and-control systems, electronic warfare and intelligence solutions, and land and naval systems. The company also provides training and simulation, maintenance, and modernization services.

Elbit Systems serves customers in Israel and internationally, with operations and subsidiaries in multiple countries.