JPMorgan Chase & Co. Issues Positive Forecast for Elbit Systems (NASDAQ:ESLT) Stock Price

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

Separately, Zacks Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $673.67.

View Our Latest Research Report on ESLT

Elbit Systems Price Performance

Shares of ESLT stock traded down $37.39 during trading hours on Wednesday, hitting $815.02. 53,614 shares of the company’s stock were exchanged, compared to its average volume of 152,149. Elbit Systems has a 52 week low of $388.51 and a 52 week high of $1,016.06. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. The stock’s 50-day moving average is $857.00 and its 200-day moving average is $713.03.

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

Insiders Place Their Bets

In other Elbit Systems news, EVP Haim Daniel Delmar sold 7,654 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Ariel sold 7,654 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,736 shares of company stock valued at $61,883,726 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Elbit Systems

Large investors have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new stake in shares of Elbit Systems during the 4th quarter valued at $26,000. WPG Advisers LLC bought a new position in shares of Elbit Systems in the 1st quarter worth $26,000. Wexford Capital LP acquired a new stake in shares of Elbit Systems during the third quarter worth $63,000. Leonteq Securities AG bought a new stake in Elbit Systems in the fourth quarter valued at about $68,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Elbit Systems in the fourth quarter valued at about $69,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems News Roundup

Here are the key news stories impacting Elbit Systems this week:

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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Analyst Recommendations for Elbit Systems (NASDAQ:ESLT)

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