L-3 Communications Holdings Receives Average Recommendation of “Buy” from Analysts (NYSE:LLL)
L-3 Communications Holdings (NYSE:LLL) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the stock, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $125.82.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note on Friday. They now have a $125.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of L-3 Communications Holdings in a research note on Wednesday, July 9th. They now have a $131.00 price target on the stock, up previously from $130.00. Finally, analysts at Credit Suisse upgraded shares of L-3 Communications Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $145.00 price target on the stock, up previously from $122.00. They noted that the move was a valuation call.
L-3 Communications Holdings (NYSE:LLL) opened at 120.22 on Thursday. L-3 Communications Holdings has a 52 week low of $90.05 and a 52 week high of $127.27. The stock’s 50-day moving average is $122.1 and its 200-day moving average is $115.3. The company has a market cap of $10.367 billion and a price-to-earnings ratio of 14.10.
L-3 Communications Holdings (NYSE:LLL) last released its earnings data on Thursday, May 1st. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.04. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Monday, August 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, August 14th.
L-3 Communications Holdings, Inc is a prime contractor in aerospace systems and national security solutions.