Shares of Elbit Systems Ltd (NASDAQ:ESLT) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price target of $131.00 for the company, according to Zacks. Zacks has also assigned Elbit Systems an industry rank of 87 out of 265 based on the ratings given to related companies.
A number of brokerages recently commented on ESLT. BidaskClub downgraded shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 28th. Zacks Investment Research raised shares of Elbit Systems from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, ValuEngine raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
Several large investors have recently made changes to their positions in the stock. Delek Group Ltd. bought a new position in shares of Elbit Systems in the 4th quarter valued at about $16,192,000. Jane Street Group LLC bought a new position in shares of Elbit Systems in the 4th quarter valued at about $3,303,000. Millennium Management LLC lifted its holdings in shares of Elbit Systems by 418.9% in the 4th quarter. Millennium Management LLC now owns 31,393 shares of the aerospace company’s stock valued at $4,184,000 after acquiring an additional 25,343 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Elbit Systems by 188.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,124 shares of the aerospace company’s stock worth $149,000 after purchasing an additional 735 shares during the last quarter. Finally, Sensato Investors LLC lifted its stake in Elbit Systems by 158.4% in the fourth quarter. Sensato Investors LLC now owns 50,904 shares of the aerospace company’s stock worth $6,785,000 after purchasing an additional 31,204 shares during the last quarter. 11.82% of the stock is owned by hedge funds and other institutional investors.
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About Elbit Systems
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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