L-3 Communications Holdings PT Raised to $97.00 (LLL)
Credit Suisse raised their price target on shares of L-3 Communications Holdings (NYSE:LLL) to $97.00 in a research note issued on Wednesday, AnalystRatings.NET reports. Credit Suisse’s price target would suggest a potential downside of 3.73% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of L-3 Communications Holdings from $95.00 to $97.00 in a research note to investors on Monday, October 14th. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $97.17.
L-3 Communications Holdings (NYSE:LLL) traded up 0.31% during mid-day trading on Wednesday, hitting $100.76. 720,386 shares of the company’s stock traded hands. L-3 Communications Holdings has a 1-year low of $71.91 and a 1-year high of $101.45. The stock’s 50-day moving average is $95.30 and its 200-day moving average is $89.73. The company has a market cap of $9.027 billion and a price-to-earnings ratio of 12.02.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, November 18th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, November 14th.
In other L-3 Communications Holdings news, Insider Susan Opp sold 49,097 shares of the company’s stock on the open market in a transaction dated Thursday, October 31st. The stock was sold at an average price of $100.35, for a total value of $4,926,883.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
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