L-3 Communications Holdings Given New $140.00 Price Target at JPMorgan Chase & Co. (LLL)
JPMorgan Chase & Co. boosted their price target on shares of L-3 Communications Holdings (NYSE:LLL) from $135.00 to $140.00 in a research note issued on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 30.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at CRT Capital downgraded shares of L-3 Communications Holdings from a “fair value” rating to a “sell” rating in a research note on Thursday. They now have a $90.00 price target on the stock, down previously from $102.00. Separately, analysts at Drexel Hamilton downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note on Friday, July 11th. They now have a $125.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $126.40.
Shares of L-3 Communications Holdings (NYSE:LLL) traded up 2.33% during mid-day trading on Friday, hitting $107.41. The stock had a trading volume of 2,345,957 shares. L-3 Communications Holdings has a 52-week low of $90.07 and a 52-week high of $127.27. The stock’s 50-day moving average is $120.6 and its 200-day moving average is $116.6. The company has a market cap of $9.262 billion and a price-to-earnings ratio of 12.43.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by $0.06. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was down 5.7% 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. Stockholders 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 2.23%. 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.
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