Brokerages Set Elbit Systems Ltd. (NASDAQ:ESLT) Target Price at $803.75

Elbit Systems Ltd. (NASDAQ:ESLT) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $803.75.

Several analysts have recently weighed in on the company. Jefferies Financial Group reduced their price target on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a report on Wednesday, June 24th. Morgan Stanley set a $845.00 price objective on shares of Elbit Systems in a report on Wednesday, July 15th. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th.

Institutional Trading of Elbit Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in Elbit Systems during the 1st quarter worth about $26,000. CoreCap Advisors LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at about $26,000. Optiver Holding B.V. bought a new position in shares of Elbit Systems during the first quarter worth about $46,000. Archer Investment Corp bought a new position in shares of Elbit Systems during the first quarter worth about $85,000. Finally, Leonteq Securities AG acquired a new position in shares of Elbit Systems in the fourth quarter worth approximately $68,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

NASDAQ ESLT opened at $820.21 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. Elbit Systems has a twelve month low of $432.85 and a twelve month high of $1,016.06. The company has a market cap of $36.46 billion, a price-to-earnings ratio of 66.41, a price-to-earnings-growth ratio of 3.48 and a beta of 0.17. The business’s fifty day moving average is $793.22 and its 200 day moving average is $798.43.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. As a group, sell-side analysts expect that Elbit Systems will post 15.3 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, June 23rd. Elbit Systems’s payout ratio is 26.96%.

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.