Elbit Systems Ltd. (NASDAQ:ESLT) Receives Average Rating of “Hold” from Brokerages

Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $550.3333.

Several research analysts have recently commented on ESLT shares. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Morgan Stanley began coverage on shares of Elbit Systems in a report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price target on the stock. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. raised their price target on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th.

Institutional Investors Weigh In On Elbit Systems

Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors boosted its stake in shares of Elbit Systems by 2.5% in the 4th quarter. Captrust Financial Advisors now owns 741 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 18 shares in the last quarter. Cardinal Capital Management grew its stake in shares of Elbit Systems by 0.3% during the fourth quarter. Cardinal Capital Management now owns 7,889 shares of the aerospace company’s stock valued at $4,558,000 after buying an additional 20 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Elbit Systems by 11.2% in the second quarter. Assetmark Inc. now owns 209 shares of the aerospace company’s stock worth $94,000 after buying an additional 21 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of Elbit Systems by 1.1% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 21 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Elbit Systems by 2.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,193 shares of the aerospace company’s stock valued at $608,000 after acquiring an additional 29 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

Elbit Systems stock opened at $745.58 on Tuesday. The stock has a market cap of $33.14 billion, a price-to-earnings ratio of 75.77, a PEG ratio of 2.20 and a beta of 0.22. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $661.75 and a 200 day simple moving average of $547.19. Elbit Systems has a 52 week low of $294.99 and a 52 week high of $749.00.

Elbit Systems Company Profile

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.