Elbit Systems Rating Lowered to Neutral at Zacks (ESLT)
Elbit Systems (NASDAQ:ESLT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $63.30 target price on the stock. Zacks‘ price objective would suggest a potential upside of 4.27% from the company’s current price.
Shares of Elbit Systems (NASDAQ:ESLT) traded up 2.26% on Wednesday, hitting $60.71. 18,928 shares of the company’s stock traded hands. Elbit Systems has a 1-year low of $37.01 and a 1-year high of $61.39. The stock’s 50-day moving average is $56.86 and its 200-day moving average is $49.99. The company has a market cap of $2.561 billion and a price-to-earnings ratio of 12.67.
Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Thursday, November 14th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.05. The company had revenue of $730.60 million for the quarter, compared to the consensus estimate of $677.50 million. On average, analysts predict that Elbit Systems will post $4.71 earnings per share for the current fiscal year.
Elbit Systems Ltd. (NASDAQ:ESLT) is an international defense electronics company engaged in a range of programs throughout the world.
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