Elbit Systems (ESLT) Gets a Hold from Morgan Stanley

Morgan Stanley analyst Kristine Liwag maintained a Hold rating on Elbit Systems today and set a price target of $978.00.

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Liwag covers the Industrials sector, focusing on stocks such as FTAI Aviation, Aercap Holdings, and Boeing. According to TipRanks, Liwag has an average return of 14.1% and a 61.30% success rate on recommended stocks.

In addition to Morgan Stanley, Elbit Systems also received a Hold from Jefferies’s Sheila Kahyaoglu in a report issued yesterday. However, on the same day, Bank of America Securities maintained a Buy rating on Elbit Systems (TASE: ESLT).

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, Vered Yehuda, the Executive Vice President of ESLT sold 5,953.00 shares.