Shares of Elbit Systems Ltd. (NASDAQ:ESLT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $127.13 and traded as high as $129.45. Elbit Systems shares last traded at $128.63, with a volume of 25,824 shares changing hands.
A number of brokerages have recently commented on ESLT. Zacks Investment Research cut shares of Elbit Systems from a “hold” rating to a “sell” rating in a report on Thursday, November 19th. BidaskClub upgraded shares of Elbit Systems from a “sell” rating to a “hold” rating in a research note on Friday, December 18th. TheStreet cut shares of Elbit Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, November 10th. Finally, Jefferies Financial Group cut shares of Elbit Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $165.00 to $130.00 in a research note on Wednesday, November 18th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $139.00.
The company has a market cap of $5.68 billion, a P/E ratio of 25.74 and a beta of 0.89. The stock’s 50 day moving average is $124.35 and its 200-day moving average is $127.05. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.
Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, November 24th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.82 by ($0.18). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. Elbit Systems had a net margin of 4.81% and a return on equity of 14.56%. As a group, sell-side analysts forecast that Elbit Systems Ltd. will post 6.85 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 4th. Shareholders of record on Monday, December 21st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 18th. Elbit Systems’s dividend payout ratio is currently 25.92%.
A number of institutional investors and hedge funds have recently bought and sold shares of ESLT. Morgan Stanley lifted its stake in Elbit Systems by 31.9% during the 1st quarter. Morgan Stanley now owns 32,223 shares of the aerospace company’s stock valued at $4,115,000 after acquiring an additional 7,797 shares during the period. Bank of New York Mellon Corp lifted its stake in Elbit Systems by 10.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,902 shares of the aerospace company’s stock valued at $6,564,000 after acquiring an additional 4,515 shares during the period. Goldman Sachs Group Inc. lifted its stake in Elbit Systems by 4.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 31,534 shares of the aerospace company’s stock valued at $4,322,000 after acquiring an additional 1,224 shares during the period. Bank of Montreal Can lifted its stake in Elbit Systems by 11.1% during the 2nd quarter. Bank of Montreal Can now owns 5,410 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 539 shares during the period. Finally, FMR LLC lifted its stake in Elbit Systems by 5.8% during the 2nd quarter. FMR LLC now owns 1,119,384 shares of the aerospace company’s stock valued at $153,256,000 after acquiring an additional 61,436 shares during the period. Institutional investors and hedge funds own 8.88% of the company’s stock.
Elbit Systems Company Profile (NASDAQ:ESLT)
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber protection products.
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