L-3 Communications Holdings, Inc. (LLL) Given a $202.00 Price Target at Royal Bank Of Canada
L-3 Communications Holdings, Inc. (NYSE:LLL) has been given a $202.00 price target by Royal Bank Of Canada in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 10.33% from the stock’s previous close.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Cowen and Company reissued a “buy” rating and issued a $200.00 price target on shares of L-3 Communications Holdings in a research note on Friday, October 27th. Stifel Nicolaus raised their price target on shares of L-3 Communications Holdings from $195.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Jefferies Group LLC reissued a “hold” rating and issued a $185.00 price target (up from $175.00) on shares of L-3 Communications Holdings in a research note on Tuesday, October 10th. Finally, Bank of America Corporation raised their price target on shares of L-3 Communications Holdings from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. L-3 Communications Holdings currently has a consensus rating of “Hold” and an average target price of $197.50.
L-3 Communications Holdings (LLL) opened at $183.09 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. The stock has a market cap of $14,433.64, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 3.49 and a beta of 1.18. L-3 Communications Holdings has a twelve month low of $143.54 and a twelve month high of $192.00.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications Holdings had a net margin of 5.22% and a return on equity of 14.00%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. equities research analysts predict that L-3 Communications Holdings will post 8.92 EPS for the current year.
In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The disclosure for this sale can be found here. Insiders have sold 72,641 shares of company stock worth $13,399,403 over the last ninety days. 2.90% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC purchased a new position in L-3 Communications Holdings during the second quarter worth about $100,000. Bronfman E.L. Rothschild L.P. increased its position in shares of L-3 Communications Holdings by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 332 shares during the last quarter. Invictus RG acquired a new stake in shares of L-3 Communications Holdings during the third quarter valued at about $135,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of L-3 Communications Holdings during the second quarter valued at about $171,000. Finally, Parallel Advisors LLC increased its position in shares of L-3 Communications Holdings by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 347 shares during the last quarter. 79.93% of the stock is currently owned by institutional investors.
About L-3 Communications Holdings
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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