Elbit Systems Ltd. (NASDAQ:ESLT) Stock Has Consensus Price Target of $840.00

Key Points

• Analyst consensus is “Hold”: All five covering analysts rated Elbit Systems as a hold, with an average 12-month price target of $840, above the stock’s reported $691.10 price.
• Shares have declined: Elbit Systems was down 2.6%, trading below both its 50-day and 200-day moving averages; recent analysts also lowered price targets, including Jefferies to $790 and JPMorgan to $885.
• Fundamentals and shareholder returns remain notable: The company exceeded quarterly EPS and revenue estimates, while institutional ownership stood at 17.88% and the quarterly dividend was set at $1.00 per share, yielding 0.6% annually.

Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) has been given an average recommendation of "Hold" by the five analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $840.00.

Several analysts recently issued reports on the stock. Morgan Stanley set a $845.00 price objective on shares of Elbit Systems in a report on Wednesday, July 15th. Wall Street Zen upgraded Elbit Systems from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. JPMorgan Chase & Co. reduced their price objective on Elbit Systems from $950.00 to $885.00 and set a "neutral" rating on the stock in a report on Wednesday, August 19th. Zacks Research cut shares of Elbit Systems from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group reduced their price target on shares of Elbit Systems from $880.00 to $790.00 and set a "hold" rating on the stock in a research report on Monday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Elbit Systems by 4.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,619,783 shares of the aerospace company's stock worth $1,351,958,000 after buying an additional 69,165 shares during the period. Meitav Investment House Ltd. lifted its position in shares of Elbit Systems by 8.9% during the 1st quarter. Meitav Investment House Ltd. now owns 397,089 shares of the aerospace company's stock valued at $332,985,000 after acquiring an additional 32,617 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Elbit Systems by 206.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 269,599 shares of the aerospace company's stock worth $228,914,000 after purchasing an additional 181,524 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Elbit Systems during the 1st quarter worth $128,135,000. Finally, Swiss National Bank grew its stake in Elbit Systems by 27.7% during the first quarter. Swiss National Bank now owns 102,740 shares of the aerospace company's stock worth $85,619,000 after buying an additional 22,315 shares in the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Stock Down 2.6%

NASDAQ:ESLT opened at $691.10 on Wednesday. Elbit Systems has a 1-year low of $453.00 and a 1-year high of $1,016.06. The firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 2.90 and a beta of 0.13. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. The business's fifty day moving average price is $747.78 and its 200 day moving average price is $797.45.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.69 by $0.45. Elbit Systems had a net margin of 7.44% and a return on equity of 16.66%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. On average, sell-side analysts forecast that Elbit Systems will post 15.86 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 13th. Elbit Systems's dividend payout ratio is presently 25.09%.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies integrated solutions for military, homeland security, and commercial aviation customers. Its offerings support airborne, land, naval, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) applications.

The company's products and services include unmanned aircraft systems, electro-optical and night-vision systems, electronic warfare and signals intelligence solutions, communications equipment, tactical radios, artillery and precision munitions, armored vehicle systems, and military training and simulation technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.