Elbit Systems Ltd (Nasdaq:ESLT) Closed Today On 52 Week High Note

ESLT
ESLT

Elbit Systems Ltd (Nasdaq:ESLT)

June 13th, 2019

With markets going up Elbit Systems Ltd finished up $4.10 Thursday, a 2.72% jump, closing at $155.00. As well as rising, ESLT closed the day setting a new 52 week record. Furthermore it hit a new 52 week high of $155.00. In addition to finishing higher, trading volumes were solid at 205.00% of normal which can indicate investors see opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.58.

ESLT outperformed the rest of the Industrials sector which went up 0.54% today.

Analysis results from 1 analyst indicates that Elbit Systems Ltd might go down somewhat (-21.76%), while Finbox has calculated (with low uncertainty) a fair value price of $119.75.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Elbit Systems Ltd Info

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products. It also provides medical diagnostic equipment, automotive night vision enhancement equipment, and smart glasses for sports applications; and super capacitor energy sources and fuel cells for transportation applications, as well as a range of support services. The company markets its systems and products as a prime contractor or subcontractor to various governments and companies. Elbit Systems Ltd. was founded in 1966 and is based in Haifa, Israel.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Elbit Systems Ltd’s score is 1.58) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

ESLT daily update
ESLT daily update

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