Elbit Systems Ltd. (NASDAQ:ESLT) Given Consensus Recommendation of “Hold” by Brokerages

Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $803.75.

Several equities analysts have issued reports on ESLT shares. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Jefferies Financial Group decreased their price target on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley set a $845.00 price objective on Elbit Systems in a research report on Wednesday, July 15th.

Institutional Trading of Elbit Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC acquired a new position in Elbit Systems during the fourth quarter worth about $26,000. WPG Advisers LLC acquired a new stake in shares of Elbit Systems during the 1st quarter valued at approximately $26,000. Optiver Holding B.V. acquired a new stake in shares of Elbit Systems during the 1st quarter valued at approximately $46,000. Wexford Capital LP purchased a new stake in shares of Elbit Systems during the 3rd quarter worth approximately $63,000. Finally, Leonteq Securities AG purchased a new stake in shares of Elbit Systems during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Up 2.2%

Shares of NASDAQ:ESLT opened at $785.96 on Friday. Elbit Systems has a fifty-two week low of $432.85 and a fifty-two week high of $1,016.06. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $795.67 and its 200-day simple moving average is $802.17. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 63.64, a PEG ratio of 3.26 and a beta of 0.17.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.89. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. As a group, equities research analysts predict that Elbit Systems will post 15.3 earnings per share for the current year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. Elbit Systems’s dividend payout ratio is 26.96%.

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.