Elbit Systems Ltd. Hits New 52-Week High at $61.50 (ESLT)
Shares of Elbit Systems (NASDAQ:ESLT) hit a new 52-week high during trading hours on Tuesday, Stock Ratings Network.com reports. The company traded as high as $61.50 and last traded at $61.43, with a volume of 16,072 shares trading hands. The stock had previously closed at $60.46.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Elbit Systems from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. Separately, analysts at Zacks downgraded shares of Elbit Systems from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $63.30 price target on the stock. Finally, analysts at Zacks upgraded shares of Elbit Systems from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 3rd. They now have a $59.30 price target on the stock.
Elbit Systems has a 1-year low of $37.01 and a 1-year high of $61.39. The stock has a 50-day moving average of $58.35 and a 200-day moving average of $50.86. The company has a market cap of $2.592 billion and a P/E ratio of 12.90.
Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Thursday, November 14th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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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