L-3 Communications Holdings Inc. Reaches New 12-Month High at $113.95 (LLL)
L-3 Communications Holdings (NYSE:LLL)’s share price reached a new 52-week high during trading hours on Friday, AnalystRatingsNetwork reports. The company traded as high as $113.95 and last traded at $112.57, with a volume of 1,004,478 shares traded. The stock had previously closed at $109.61.
Several analysts have recently commented on the stock. 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $107.00.
In other L-3 Communications Holdings news, Director Claude Canizares sold 1,393 shares of L-3 Communications Holdings stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $109.35, for a total transaction of $152,324.55. Following the completion of the sale, the director now directly owns 9,959 shares of the company’s stock, valued at approximately $1,089,017. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
L-3 Communications Holdings has a 1-year low of $75.20 and a 1-year high of $111.89. The stock’s 50-day moving average is $106.5 and its 200-day moving average is $98.71. The company has a market cap of $9.946 billion and a price-to-earnings ratio of 12.83.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.17 EPS for the quarter, beating the Thomson Reuters 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.
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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