Zacks: Elbit Systems Ltd (ESLT) Given Consensus Recommendation of “Hold” by Analysts

Elbit Systems Ltd (NASDAQ:ESLT) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus target price of $131.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 117 out of 265 based on the ratings given to its competitors.

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A number of analysts have weighed in on ESLT shares. BidaskClub cut Elbit Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. ValuEngine raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised Elbit Systems from a “sell” rating to a “hold” rating in a research report on Friday, January 19th.

Shares of NASDAQ ESLT traded up $2.06 during trading hours on Tuesday, reaching $121.57. The stock had a trading volume of 59,209 shares, compared to its average volume of 42,650. The stock has a market cap of $5,197.48, a PE ratio of 18.97 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. Elbit Systems has a fifty-two week low of $112.76 and a fifty-two week high of $153.13.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $2.01 earnings per share for the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.08%. The company had revenue of $1.01 billion during the quarter.

A number of institutional investors have recently bought and sold shares of ESLT. Delek Group Ltd. purchased a new position in shares of Elbit Systems during the 4th quarter worth approximately $16,192,000. Jane Street Group LLC purchased a new position in shares of Elbit Systems during the 4th quarter worth approximately $3,303,000. Millennium Management LLC raised its stake in shares of Elbit Systems by 418.9% during the 4th quarter. Millennium Management LLC now owns 31,393 shares of the aerospace company’s stock worth $4,184,000 after buying an additional 25,343 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Elbit Systems by 188.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,124 shares of the aerospace company’s stock worth $149,000 after buying an additional 735 shares in the last quarter. Finally, Sensato Investors LLC raised its stake in shares of Elbit Systems by 158.4% during the 4th quarter. Sensato Investors LLC now owns 50,904 shares of the aerospace company’s stock worth $6,785,000 after buying an additional 31,204 shares in the last quarter. 11.79% of the stock is owned by institutional investors.

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About Elbit Systems

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

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