Exelis Inc. Reaches New 12-Month High at $16.16 (XLS)
Exelis (NYSE:XLS)’s share price reached a new 52-week high on Tuesday, AR Network reports. The company traded as high as $16.16 and last traded at $16.06, with a volume of 846,009 shares traded. The stock had previously closed at $15.93.
XLS has been the subject of a number of recent research reports. Analysts at RBC Capital upgraded shares of Exelis from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. They now have a $15.00 price target on the stock, down previously from $18.00. Separately, analysts at Credit Suisse raised their price target on shares of Exelis from $10.00 to $11.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Exelis from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $17.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.60.
Exelis has a 52-week low of $9.96 and a 52-week high of $15.71. The stock’s 50-day moving average is $15. and its 200-day moving average is $12.78. The company has a market cap of $3.032 billion and a P/E ratio of 10.22.
Exelis (NYSE:XLS) last announced its earnings results on Friday, August 2nd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts expect that Exelis will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.10 per share. This represents a $0.41 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, November 13th.
Exelis Inc (NYSE:XLS) is engaged in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) related products and systems and information and technical services, which the Company supplies to military, government and commercial customers in the United States and globally.
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