Elbit Systems Ltd. (NASDAQ:ESLT) Stock Has Average Target Price of $840.00 According to Analysts

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have been assigned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $840.00.

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Morgan Stanley set a $845.00 price objective on Elbit Systems in a research note on Wednesday, July 15th. JPMorgan Chase & Co. decreased their price objective on Elbit Systems from $950.00 to $885.00 and set a “neutral” rating for the company in a report on Wednesday, August 19th. Jefferies Financial Group lowered their target price on Elbit Systems from $880.00 to $790.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Weiss Ratings upgraded Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday.

Hedge Funds Weigh In On Elbit Systems

Several large investors have recently made changes to their positions in the company. Grove Bank & Trust grew its position in Elbit Systems by 100.0% during the third quarter. Grove Bank & Trust now owns 50 shares of the aerospace company’s stock valued at $34,000 after buying an additional 25 shares during the period. Farther Finance Advisors LLC raised its position in shares of Elbit Systems by 30.1% in the third quarter. Farther Finance Advisors LLC now owns 255 shares of the aerospace company’s stock worth $174,000 after acquiring an additional 59 shares during the period. Plan A Wealth LLC raised its position in shares of Elbit Systems by 36.4% in the third quarter. Plan A Wealth LLC now owns 360 shares of the aerospace company’s stock worth $246,000 after acquiring an additional 96 shares during the period. Venture Visionary Partners LLC boosted its stake in shares of Elbit Systems by 4.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 600 shares of the aerospace company’s stock worth $409,000 after acquiring an additional 25 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Elbit Systems by 542.8% during the 2nd quarter. Engineers Gate Manager LP now owns 2,507 shares of the aerospace company’s stock valued at $1,902,000 after acquiring an additional 2,117 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $655.74 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. Elbit Systems has a 12 month low of $453.00 and a 12 month high of $1,016.06. The company has a 50 day simple moving average of $740.31 and a two-hundred day simple moving average of $792.66. The stock has a market cap of $29.15 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 2.72 and a beta of 0.13.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, August 11th. The aerospace company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.69 by $0.45. Elbit Systems had a net margin of 7.44% and a return on equity of 16.66%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. As a group, analysts predict that Elbit Systems will post 15.86 earnings per share for the current year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.6%. Elbit Systems’s dividend payout ratio (DPR) is presently 25.09%.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies integrated solutions for military, homeland security, and commercial aviation customers. Its offerings support airborne, land, naval, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) applications.

The company’s products and services include unmanned aircraft systems, electro-optical and night-vision systems, electronic warfare and signals intelligence solutions, communications equipment, tactical radios, artillery and precision munitions, armored vehicle systems, and military training and simulation technologies.