Elbit Systems Ltd. (NASDAQ:ESLT) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus price target of $110.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 112 out of 265 based on the ratings given to its competitors.
A number of research firms have recently weighed in on ESLT. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Chardan Capital began coverage on Elbit Systems in a research report on Friday, May 5th. They set a “neutral” rating and a $110.00 target price for the company.
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A number of large investors have recently added to or reduced their stakes in the stock. Mitchell Capital Management Co. increased its stake in Elbit Systems by 1.2% in the first quarter. Mitchell Capital Management Co. now owns 2,252 shares of the aerospace company’s stock worth $256,000 after buying an additional 27 shares in the last quarter. World Asset Management Inc increased its stake in Elbit Systems by 1.6% in the first quarter. World Asset Management Inc now owns 2,660 shares of the aerospace company’s stock worth $302,000 after buying an additional 42 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Elbit Systems by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the aerospace company’s stock worth $511,000 after buying an additional 181 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Elbit Systems by 7.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,480 shares of the aerospace company’s stock worth $398,000 after buying an additional 230 shares in the last quarter. Finally, US Bancorp DE increased its stake in Elbit Systems by 13.4% in the second quarter. US Bancorp DE now owns 2,080 shares of the aerospace company’s stock worth $257,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 10.85% of the company’s stock.
Elbit Systems (ESLT) traded down 1.05% on Friday, reaching $124.95. The company had a trading volume of 25,848 shares. The company’s 50 day moving average price is $124.77 and its 200-day moving average price is $117.54. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 23.20 and a beta of 0.62. Elbit Systems has a 12 month low of $91.20 and a 12 month high of $127.97.
Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share for the quarter. The company had revenue of $749.19 million during the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. On average, equities analysts predict that Elbit Systems will post $6.20 earnings per share for the current fiscal year.
Elbit Systems Company Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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