Elbit Systems (NASDAQ:ESLT) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Elbit Systems (NASDAQ:ESLT – Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

Separately, Bank of America upped their price objective on Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Elbit Systems has an average rating of “Buy” and an average price target of $540.00.

Read Our Latest Analysis on ESLT

Elbit Systems Trading Down 1.0%

ESLT stock opened at $480.21 on Friday. The company has a market cap of $21.35 billion, a price-to-earnings ratio of 54.51, a PEG ratio of 1.80 and a beta of 0.37. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $453.92 and a 200-day simple moving average of $409.49. Elbit Systems has a 52 week low of $188.53 and a 52 week high of $499.00.

Elbit Systems (NASDAQ:ESLT – Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.66. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.89 billion. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.During the same period in the prior year, the firm posted $2.08 EPS. On average, equities research analysts expect that Elbit Systems will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.75 per share. This is a boost from Elbit Systems’s previous quarterly dividend of $0.60. This represents a $3.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, October 14th. Elbit Systems’s payout ratio is 22.70%.

Hedge Funds Weigh In On Elbit Systems

Large investors have recently modified their holdings of the stock. Activest Wealth Management bought a new position in shares of Elbit Systems during the second quarter worth about $28,000. Traub Capital Management LLC bought a new position in shares of Elbit Systems during the second quarter worth about $31,000. Larson Financial Group LLC bought a new position in shares of Elbit Systems during the first quarter worth about $29,000. Montag A & Associates Inc. bought a new position in Elbit Systems in the second quarter worth about $68,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Elbit Systems by 232.6% in the first quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 17.88% of the company’s stock.

About Elbit Systems

(Get Free Report)

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.

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