Elbit Systems Ltd (NASDAQ:ESLT) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages 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 111 out of 265 based on the ratings given to its competitors.
Several analysts have recently commented on the company. Zacks Investment Research downgraded Elbit Systems from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. ValuEngine downgraded Elbit Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Standpoint Research downgraded Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th.
Shares of Elbit Systems (NASDAQ:ESLT) traded down $2.27 during trading on Friday, hitting $137.34. The stock had a trading volume of 20,300 shares, compared to its average volume of 33,870. The stock has a market capitalization of $5,968.05, a P/E ratio of 22.48 and a beta of 0.59. Elbit Systems has a 12-month low of $99.95 and a 12-month high of $153.13. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.
Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Elbit Systems by 6.8% during the second quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 55 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Elbit Systems during the third quarter valued at approximately $198,000. Macquarie Group Ltd. purchased a new stake in shares of Elbit Systems during the third quarter valued at approximately $206,000. Keybank National Association OH purchased a new stake in shares of Elbit Systems during the third quarter valued at approximately $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Elbit Systems during the third quarter valued at approximately $223,000. 11.15% of the stock is owned by institutional investors.
Elbit Systems Company Profile
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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