Brokerages Set L3 Technologies Inc (LLL) Price Target at $231.56

L3 Technologies Inc (NYSE:LLL) has been given an average rating of “Buy” by the twelve analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $231.56.

Several analysts recently commented on LLL shares. Zacks Investment Research downgraded shares of L3 Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $229.00 target price on shares of L3 Technologies in a report on Wednesday, January 23rd. Cowen reaffirmed a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Tuesday, January 29th. Citigroup reduced their target price on shares of L3 Technologies from $224.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 14th. Finally, ValuEngine downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 23rd.

Shares of LLL stock opened at $214.90 on Friday. The stock has a market cap of $17.01 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.01 and a beta of 1.27. The company has a quick ratio of 1.61, a current ratio of 1.97 and a debt-to-equity ratio of 0.56. L3 Technologies has a 52 week low of $158.76 and a 52 week high of $223.73.

L3 Technologies (NYSE:LLL) last announced its earnings results on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, topping the consensus estimate of $2.66 by $0.44. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.68 billion. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. L3 Technologies’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 EPS. On average, research analysts forecast that L3 Technologies will post 11.5 EPS for the current year.

In other L3 Technologies news, insider Todd W. Gautier sold 7,438 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $205.69, for a total value of $1,529,922.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of L3 Technologies by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 8,734,137 shares of the aerospace company’s stock worth $1,857,051,000 after acquiring an additional 96,559 shares during the period. Vanguard Group Inc increased its position in L3 Technologies by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 8,734,137 shares of the aerospace company’s stock worth $1,857,051,000 after purchasing an additional 96,559 shares in the last quarter. AQR Capital Management LLC increased its position in L3 Technologies by 3.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,497,775 shares of the aerospace company’s stock worth $318,457,000 after purchasing an additional 46,485 shares in the last quarter. Geode Capital Management LLC increased its position in L3 Technologies by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 1,031,121 shares of the aerospace company’s stock worth $178,755,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in L3 Technologies by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 928,890 shares of the aerospace company’s stock worth $161,292,000 after purchasing an additional 5,194 shares in the last quarter. 82.57% of the stock is owned by institutional investors.

About L3 Technologies

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

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Analyst Recommendations for L3 Technologies (NYSE:LLL)

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