L-3 Communications Holdings PT Raised to $97.00 (LLL)
Equities research analysts at Barclays Capital upped their price target on shares of L-3 Communications Holdings (NYSE:LLL) from $95.00 to $97.00 in a research note issued to investors on Monday, American Banking News.com reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price target would indicate a potential upside of 2.13% from the stock’s previous close.
L-3 Communications Holdings (NYSE:LLL) traded up 1.11% on Monday, hitting $94.98. The stock had a trading volume of 383,812 shares. L-3 Communications Holdings has a 52-week low of $71.89 and a 52-week high of $96.71. The stock has a 50-day moving average of $93.42 and a 200-day moving average of $88.18. The company has a market cap of $8.509 billion and a price-to-earnings ratio of 11.24.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.93 by $0.10. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.13 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of L-3 Communications Holdings in a research note to investors on Wednesday, September 25th. They now have a $105.00 price target on the stock, up previously from $102.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note to investors on Monday, September 16th. They now have a $99.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of L-3 Communications Holdings from $77.00 to $83.00 in a research note to investors on Friday, July 26th. They now have an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $90.27.
L-3 Communications Holdings, Inc (NYSE:LLL) is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.