Elbit Systems Ltd. (ESLT) Now Covered by Analysts at Standpoint Research
Analysts at Standpoint Research initiated coverage on shares of Elbit Systems Ltd. (NASDAQ:ESLT) in a research note issued to investors on Monday. The firm set an “accumulate” rating and a $115.00 price target on the stock. Standpoint Research’s price objective suggests a potential upside of 18.92% from the company’s current price.
Elbit Systems (NASDAQ:ESLT) traded down 1.31% during mid-day trading on Monday, reaching $96.70. The company had a trading volume of 20,327 shares. The company has a market capitalization of $4.13 billion, a P/E ratio of 18.86 and a beta of 0.72. The stock has a 50 day moving average price of $99.79 and a 200 day moving average price of $94.93. Elbit Systems has a one year low of $72.05 and a one year high of $103.28.
Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $1.47 earnings per share for the quarter. The business earned $804.50 million during the quarter, compared to the consensus estimate of $749.50 million. Elbit Systems had a return on equity of 17.62% and a net margin of 6.90%. On average, equities analysts expect that Elbit Systems will post $4.28 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Monday, September 5th. Stockholders of record on Friday, August 26th were paid a $0.40 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Elbit Systems’s dividend payout ratio is presently 31.25%.
Several hedge funds have recently modified their holdings of ESLT. Renaissance Technologies LLC boosted its position in shares of Elbit Systems by 17.2% in the first quarter. Renaissance Technologies LLC now owns 168,735 shares of the company’s stock valued at $15,826,000 after buying an additional 24,800 shares during the last quarter. UBS Group AG boosted its position in shares of Elbit Systems by 361.2% in the first quarter. UBS Group AG now owns 145,302 shares of the company’s stock valued at $13,627,000 after buying an additional 113,796 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Elbit Systems by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 96,848 shares of the company’s stock valued at $9,084,000 after buying an additional 23,819 shares during the last quarter. Aperio Group LLC boosted its position in shares of Elbit Systems by 2.7% in the first quarter. Aperio Group LLC now owns 82,335 shares of the company’s stock valued at $7,722,000 after buying an additional 2,201 shares during the last quarter. Finally, Sphera Funds Management LTD. acquired a new position in shares of Elbit Systems during the first quarter valued at $3,242,000. Institutional investors own 5.98% of the company’s stock.
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