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Bank of America Securities Sticks to Their Buy Rating for Elbit Systems (ESLT)

Tipranks - Thu May 28, 7:56PM CDT

Bank of America Securities analyst Ronald Epstein maintained a Buy rating on Elbit Systems yesterday. The company’s shares closed yesterday at ILA233,120.00.

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Epstein covers the Industrials sector, focusing on stocks such as Northrop Grumman, Howmet Aerospace, and RTX. According to TipRanks, Epstein has an average return of 19.4% and a 61.66% success rate on recommended stocks.

Elbit Systems has an analyst consensus of Hold, with a price target consensus of ILA285,590.88.

Based on Elbit Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of ILA2.19 billion and a net profit of ILA160.79 million. In comparison, last year the company earned a revenue of ILA1.9 billion and had a net profit of ILA107.08 million

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESLT in relation to earlier this year. Last month, Bezhalel Machlis, the President and CEO of ESLT sold 25,514.00 shares.

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