Credit Suisse Reiterates “Neutral” Rating for Exelis (XLS)
Exelis (NYSE:XLS)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday. They currently have a $20.00 target price on the stock, up from their previous target price of $19.00. Credit Suisse’s price target would suggest a potential upside of 17.72% from the company’s current price.
Shares of Exelis (NYSE:XLS) traded down 1.00% during mid-day trading on Tuesday, hitting $16.82. 1,812,351 shares of the company’s stock traded hands. Exelis has a 52 week low of $14.31 and a 52 week high of $21.44. The stock has a 50-day moving average of $17.1 and a 200-day moving average of $18.38. The company has a market cap of $3.168 billion and a P/E ratio of 12.15.
Exelis (NYSE:XLS) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.34 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.34. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $0.41 earnings per share. Exelis’s revenue was down 10.7% compared to the same quarter last year. On average, analysts predict that Exelis will post $1.47 earnings per share for the current fiscal year.
A number of other firms have also recently commented on XLS. Analysts at RBC Capital cut their price target on shares of Exelis from $24.00 to $23.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Exelis from $20.00 to $19.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.33.
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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