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Equities research analysts at Cowen and Company began coverage on shares of Exelis (NYSE:XLS) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $23.00 price target on the stock. Cowen and Company’s price target suggests a potential upside of 13.41% from the stock’s previous close.

Shares of Exelis (NYSE:XLS) traded up 4.14% on Wednesday, hitting $21.12. 742,780 shares of the company’s stock traded hands. Exelis has a 52-week low of $10.08 and a 52-week high of $20.45. The stock has a 50-day moving average of $18.73 and a 200-day moving average of $16.39. The company has a market cap of $3.988 billion and a price-to-earnings ratio of 13.44.

Exelis (NYSE:XLS) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.41 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.41. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 16.2% on a year-over-year basis. On average, analysts predict that Exelis will post $1.51 earnings per share for the current fiscal year.

A number of other firms have also recently commented on XLS. Analysts at RBC Capital raised their price target on shares of Exelis from $18.00 to $20.00 in a research note to investors on Thursday, December 19th. They now have an “outperform” rating on the stock. Separately, analysts at Drexel Hamilton upgraded shares of Exelis from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 12th. They now have a $20.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Exelis in a research note to investors on Tuesday, November 26th. They now have a $20.00 price target on the stock, up previously from $18.00. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.14.

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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