Elbit Systems Ltd. (NASDAQ:ESLT) Receives $550.33 Average Price Target from Analysts

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $550.3333.

Several analysts recently weighed in on the company. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Finally, Morgan Stanley started coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective on the stock.

Elbit Systems Trading Up 0.5%

ESLT opened at $769.04 on Tuesday. The firm has a market cap of $34.18 billion, a P/E ratio of 78.15, a P/E/G ratio of 2.33 and a beta of 0.22. Elbit Systems has a 12 month low of $303.06 and a 12 month high of $775.99. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $679.62 and a 200 day moving average of $555.39.

Institutional Investors Weigh In On Elbit Systems

Institutional investors and hedge funds have recently modified their holdings of the business. USA Financial Formulas bought a new position in Elbit Systems in the 3rd quarter valued at $26,000. CoreCap Advisors LLC bought a new stake in shares of Elbit Systems during the fourth quarter worth $26,000. Traub Capital Management LLC purchased a new stake in shares of Elbit Systems during the second quarter valued at $31,000. Financial Consulate Inc. bought a new position in shares of Elbit Systems in the third quarter worth about $60,000. Finally, Wexford Capital LP purchased a new position in Elbit Systems in the 3rd quarter worth about $63,000. 17.88% of the stock is owned by institutional investors.

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.