JPMorgan Chase & Co. Boosts Elbit Systems (NASDAQ:ESLT) Price Target to $950.00

Elbit Systems (NASDAQ:ESLTGet Free Report) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $930.00 to $950.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.56% from the company’s current price.

Separately, Zacks Research raised Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $673.67.

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Elbit Systems Trading Down 4.4%

ESLT traded down $37.39 during mid-day trading on Wednesday, hitting $815.02. The stock had a trading volume of 53,614 shares, compared to its average volume of 152,149. The stock’s fifty day simple moving average is $857.00 and its 200-day simple moving average is $713.03. The firm has a market capitalization of $36.23 billion, a price-to-earnings ratio of 71.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.14. Elbit Systems has a 1-year low of $388.51 and a 1-year high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77.

Elbit Systems (NASDAQ:ESLTGet Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.33. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. As a group, research analysts forecast that Elbit Systems will post 15.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Elbit Systems news, EVP Haim Daniel Delmar sold 7,654 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,792,159.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Oren Yaacov Sabag sold 8,504 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total value of $7,546,449.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,736 shares of company stock worth $61,883,726 in the last ninety days. 0.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Elbit Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. raised its holdings in shares of Elbit Systems by 296.0% in the third quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 6,970 shares of the aerospace company’s stock valued at $3,553,000 after purchasing an additional 5,210 shares during the last quarter. ARK Investment Management LLC boosted its holdings in Elbit Systems by 11.6% during the third quarter. ARK Investment Management LLC now owns 53,569 shares of the aerospace company’s stock worth $27,309,000 after purchasing an additional 5,550 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Elbit Systems in the third quarter valued at $824,000. Van ECK Associates Corp grew its position in Elbit Systems by 3,162.0% in the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after purchasing an additional 628,236 shares in the last quarter. Finally, Cadent Capital Advisors LLC acquired a new stake in Elbit Systems in the 4th quarter valued at $1,493,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

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Elbit Systems Company Profile

(Get Free Report)

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.

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