Elbit Systems Lowered to “Neutral” at Citigroup Inc. (ESLT)
Elbit Systems (NASDAQ:ESLT) was downgraded by equities research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Elbit Systems from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $63.30 price target on the stock.
Shares of Elbit Systems (NASDAQ:ESLT) opened at 60.71 on Thursday. Elbit Systems has a 52-week low of $37.01 and a 52-week high of $61.39. The stock has a 50-day moving average of $56.86 and a 200-day moving average of $49.99. The company has a market cap of $2.561 billion and a P/E ratio of 12.67.
Elbit Systems (NASDAQ:ESLT) last released its 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. Analysts expect that Elbit Systems will post $4.71 EPS 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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