Exelis Receives Average Recommendation of “Hold” from Analysts (NYSE:XLS)
Shares of Exelis (NYSE:XLS) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.17.
Exelis (NYSE:XLS) opened at 16.18 on Monday. 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 $17.06 and a 200-day moving average of $18.3. The company has a market cap of $3.047 billion and a price-to-earnings ratio of 11.74.
Exelis (NYSE:XLS) last released its earnings data on Friday, August 1st. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Analysts expect that Exelis will post $1.41 EPS for the current fiscal year.
A number of research firms have recently commented on XLS. Analysts at Zacks downgraded shares of Exelis from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $16.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Exelis in a research note on Tuesday. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, 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.
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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