The Chart of the Day belongs to the aerospace & defense company Elbit Systems (ESLT) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/26 the stock gained 12.16%.
ESLT Price vs Daily Moving Averages:
ESLT (Barchart)
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel, North America, the Asia-Pacific, Europe, Latin America, and internationally. The company operates through five segments: Aerospace; C4I and Cyber; Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) and Electronic Warfare (EW); Land; and Elbit Systems of America (ESA). It also offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; flight academy solutions, electro-optic, night vision, high power energy solutions, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities. In addition, the company manufactures and sells data links and radio communication systems and equipment, and cyber intelligence, autonomous, and homeland security solutions. Further, it provides various electronic warfare and signal intelligence systems, and laser systems; armored vehicle and other platforms survivability and protection systems, artillery, and mortar systems, as well as provides various training and support services. Additionally, the company offers products and systems solutions to military, foreign military sales, homeland security, medical instrumentation, and commercial aviation clients. It markets its systems and products as a prime contractor or subcontractor to various governments and companies. The company was incorporated in 1966 and is based in Haifa, Israel.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 82.48+ Weighted Alpha
- 54.37% gain in the last year
- .53 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 3 new highs and up 10.87% in the last month
- Relative Strength Index 81.50%
- Technical support level at $329.25
- Recently traded at $340.00 with 50 day moving average of $290.00
Fundamental Factors:
- Market Cap $14.87 billion
- P/E 40.60
- Dividend yield .50%
- Revenue expected to grow 12.33% this year and another 11.58% next year
- Earnings estimated to increase 20.15% this year and an additional 9.94% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 1 strong buy and 2 buy opinions on the stock with price targets between $252 and $280 with a consensus of $264 about 22% lower than today's close
- Value Line has an average rating on the stock with a price target of $325 for a 5% loss and comments:"The stock has had a good run since mid-2024. It is ranked to perform in line with the year-ahead market. Longer term, even with the favorable business fundamentals, price advances may be more limited. On balance, this good-quality issue is a dependable total return producer and suitable for most portfolios."
- MorningStar thinks the stock is 13% over valued
- Of the 814 investors following the stock on Motley Fool 734 think the stock will beat the market and 80 thinks it won't
- 6,350 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
