Elbit Systems Ltd. (NASDAQ:ESLT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.70 and last traded at $102.26, with a volume of 20,727 shares changing hands. The stock had previously closed at $101.62.

Separately, Standpoint Research started coverage on shares of Elbit Systems in a report on Monday, August 1st. They issued an “accumulate” rating and a $115.00 price objective for the company.

The stock has a market capitalization of $4.37 billion and a price-to-earnings ratio of 20.77. The firm’s 50 day moving average price is $96.35 and its 200-day moving average price is $92.94.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, August 16th. The company reported $1.47 earnings per share for the quarter. The firm earned $804.50 million during the quarter, compared to analysts’ expectations of $749.50 million. On average, analysts forecast that Elbit Systems Ltd. will post $4.28 earnings per share for the current fiscal year.

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