Research Analysts Offer Predictions for Elbit Systems Ltd.’s Q4 2020 Earnings (NASDAQ:ESLT)
Elbit Systems Ltd. (NASDAQ:ESLT) – Investment analysts at Jefferies Financial Group reduced their Q4 2020 EPS estimates for shares of Elbit Systems in a research report issued to clients and investors on Wednesday, November 18th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings of $1.92 per share for the quarter, down from their prior forecast of $1.93. Jefferies Financial Group currently has a “Hold” rating and a $130.00 target price on the stock.
ESLT has been the topic of several other research reports. BidaskClub downgraded shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Zacks Investment Research downgraded shares of Elbit Systems from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, TheStreet downgraded shares of Elbit Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, November 10th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Elbit Systems presently has a consensus rating of “Hold” and a consensus price target of $139.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its stake in shares of Elbit Systems by 31.9% during the first quarter. Morgan Stanley now owns 32,223 shares of the aerospace company’s stock worth $4,115,000 after buying an additional 7,797 shares during the period. State Street Corp increased its stake in shares of Elbit Systems by 352.8% during the first quarter. State Street Corp now owns 14,154 shares of the aerospace company’s stock worth $1,807,000 after buying an additional 11,028 shares during the period. Parallel Advisors LLC increased its stake in shares of Elbit Systems by 43.1% during the second quarter. Parallel Advisors LLC now owns 402 shares of the aerospace company’s stock worth $55,000 after buying an additional 121 shares during the period. First Trust Advisors LP purchased a new position in Elbit Systems in the second quarter valued at approximately $342,000. Finally, Janney Montgomery Scott LLC purchased a new position in Elbit Systems in the second quarter valued at approximately $207,000. 8.75% of the stock is currently owned by institutional investors and hedge funds.
Elbit Systems Company Profile
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber protection products.
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