L-3 Communications (NYSE:LLL) had its price target lifted by stock analysts at Citigroup to $230.00 in a report released on Thursday. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup’s price objective suggests a potential upside of 18.17% from the company’s current price.
Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada upgraded shares of L-3 Communications from a “sector perform” rating to an “outperform” rating and set a $159.00 target price for the company in a research note on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $215.00 target price on shares of L-3 Communications in a research note on Wednesday. Cowen restated a “buy” rating and issued a $190.00 target price on shares of L-3 Communications in a research note on Monday, August 14th. ValuEngine downgraded shares of L-3 Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $185.00 target price (up from $175.00) on shares of L-3 Communications in a research note on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. L-3 Communications presently has an average rating of “Buy” and an average price target of $197.45.
Shares of L-3 Communications (NYSE LLL) opened at $194.64 on Thursday. L-3 Communications has a 52-week low of $143.54 and a 52-week high of $199.97. The stock has a market cap of $15,241.63, a price-to-earnings ratio of 22.63, a PEG ratio of 3.88 and a beta of 1.19. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.
L-3 Communications (NYSE:LLL) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts forecast that L-3 Communications will post 8.92 EPS for the current fiscal year.
In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 67,639 shares of company stock worth $12,818,253 over the last quarter. 2.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LLL. Strs Ohio boosted its stake in L-3 Communications by 4.9% during the 2nd quarter. Strs Ohio now owns 9,786 shares of the aerospace company’s stock valued at $1,635,000 after acquiring an additional 453 shares during the last quarter. Rothschild Asset Management Inc. boosted its stake in L-3 Communications by 5.7% during the 2nd quarter. Rothschild Asset Management Inc. now owns 4,064 shares of the aerospace company’s stock valued at $679,000 after acquiring an additional 220 shares during the last quarter. CIBC Asset Management Inc boosted its stake in L-3 Communications by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 7,575 shares of the aerospace company’s stock valued at $1,266,000 after acquiring an additional 29 shares during the last quarter. Bessemer Group Inc. bought a new position in L-3 Communications during the 2nd quarter valued at $642,000. Finally, Sei Investments Co. boosted its stake in L-3 Communications by 28.2% during the 2nd quarter. Sei Investments Co. now owns 35,959 shares of the aerospace company’s stock valued at $6,009,000 after acquiring an additional 7,913 shares during the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.
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L-3 Communications Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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