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

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have received an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $550.3333.

ESLT has been the subject of several research reports. Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Morgan Stanley assumed coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price objective for the company. Finally, Wall Street Zen cut Elbit Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 13th.

Institutional Investors Weigh In On Elbit Systems

Several large investors have recently made changes to their positions in ESLT. Assenagon Asset Management S.A. grew its stake in shares of Elbit Systems by 15.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,435 shares of the aerospace company’s stock valued at $827,000 after buying an additional 191 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in Elbit Systems in the fourth quarter valued at $237,000. Tudor Investment Corp ET AL grew its position in shares of Elbit Systems by 27.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,049 shares of the aerospace company’s stock valued at $535,000 after acquiring an additional 223 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Elbit Systems by 188.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 343 shares of the aerospace company’s stock worth $175,000 after purchasing an additional 224 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Elbit Systems in the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

ESLT opened at $683.36 on Monday. The company has a market capitalization of $30.38 billion, a price-to-earnings ratio of 69.45, a P/E/G ratio of 2.05 and a beta of 0.22. The business’s 50-day moving average price is $523.15 and its two-hundred day moving average price is $490.67. Elbit Systems has a 1 year low of $279.09 and a 1 year high of $688.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.99 billion. Equities analysts expect that Elbit Systems will post 8.05 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 22nd were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, December 22nd. Elbit Systems’s dividend payout ratio (DPR) is currently 22.87%.

About Elbit Systems

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.