Elbit Systems Ltd (NASDAQ: ESLT) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Marginal positive changes in fundamentals have recently occurred for Elbit Systems Ltd (NASDAQ: ESLT): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ESLT is expected to continue to be an important Value Builder.
Elbit Systems has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Elbit Systems has a slightly negative Power Rating of 32 and a poor Appreciation Score of 21, and the Lowest Value Trend Rating results.
Recent Price Action
On 8/20/24, Elbit Systems Ltd (NASDAQ: ESLT) stock rose modestly by 0.9%, closing at $201.44. However, trading volume in this advance was exceptionally low at 46% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.2% during the last week.
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