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

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

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

Institutional Investors Weigh In On Elbit Systems

Several institutional investors have recently bought and sold shares of the stock. Ethic Inc. acquired a new stake in shares of Elbit Systems during the 3rd quarter valued at about $242,000. StoneX Group Inc. acquired a new position in Elbit Systems in the third quarter worth about $315,000. Parallel Advisors LLC lifted its stake in 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 bought a new position in Elbit Systems during the third quarter worth about $1,376,000. Finally, Integrity Alliance LLC. boosted its holdings 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. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of ESLT stock opened at $651.31 on Friday. The firm has a fifty day simple moving average of $722.59 and a 200-day simple moving average of $784.09. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $28.95 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.85 and a beta of 0.09. Elbit Systems has a twelve month low of $453.00 and a twelve month high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.45. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Elbit Systems had a return on equity of 16.66% and a net margin of 7.44%. Equities research analysts anticipate that Elbit Systems will post 16.02 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were paid a $1.00 dividend. The ex-dividend date was Tuesday, October 13th. This represents a $4.00 annualized dividend and a dividend yield of 0.6%. Elbit Systems’s dividend payout ratio (DPR) is presently 25.02%.

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.