Elbit Systems Ltd. (NASDAQ:ESLT) Receives $550.33 Average PT from Brokerages

Elbit Systems Ltd. (NASDAQ:ESLT) has earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $550.3333.

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

Elbit Systems Trading Up 1.3%

NASDAQ:ESLT opened at $765.29 on Tuesday. The firm has a market capitalization of $34.02 billion, a P/E ratio of 77.77, a P/E/G ratio of 2.29 and a beta of 0.22. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $675.32 and a 200 day moving average of $552.32. Elbit Systems has a 52 week low of $302.89 and a 52 week high of $775.99.

Institutional Trading of Elbit Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Elbit Systems by 98.9% during the 1st quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock worth $946,000 after acquiring an additional 1,225 shares during the period. AQR Capital Management LLC bought a new stake in shares of Elbit Systems during the first quarter valued at approximately $353,000. NewEdge Advisors LLC grew its stake in Elbit Systems by 3,461.1% in the first quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock worth $246,000 after purchasing an additional 623 shares during the period. Goldman Sachs Group Inc. raised its holdings in Elbit Systems by 33.7% in the first quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock worth $51,837,000 after purchasing an additional 34,049 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Elbit Systems by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock valued at $6,339,000 after buying an additional 1,191 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Company Profile

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.