L-3 Communications Holdings Given Average Recommendation of “Hold” by Brokerages (NYSE:LLL)
L-3 Communications Holdings (NYSE:LLL) has received an average recommendation of “Hold” from the thirteen analysts that are covering the stock, American Banking and Market News reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $107.00.
Shares of L-3 Communications Holdings (NYSE:LLL) opened at 109.61 on Friday. L-3 Communications Holdings has a 52-week low of $75.20 and a 52-week high of $111.89. The stock has a 50-day moving average of $106.5 and a 200-day moving average of $98.71. The company has a market cap of $9.646 billion and a P/E ratio of 12.83.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.97 by $0.20. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.16 billion. Analysts expect that L-3 Communications Holdings will post $8.36 EPS for the current fiscal year.
In other L-3 Communications Holdings news, Director Claude Canizares sold 1,393 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $109.35, for a total value of $152,324.55. Following the completion of the transaction, the director now directly owns 9,959 shares in the company, valued at approximately $1,089,017. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on LLL. Analysts at Cowen and Company upgraded shares of L-3 Communications Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $130.00 price target on the stock, up previously from $118.00. Separately, analysts at Barclays raised their price target on shares of L-3 Communications Holdings from $110.00 to $120.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note to investors on Tuesday. They now have a $111.00 price target on the stock.
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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