RBC Capital Lowers L-3 Communications Holdings Price Target to $113.00 (LLL)
Equities researchers at RBC Capital cut their target price on shares of L-3 Communications Holdings (NYSE:LLL) from $123.00 to $113.00 in a research report issued on Friday. RBC Capital’s price objective indicates a potential upside of 5.20% from the company’s current price.
Shares of L-3 Communications Holdings (NYSE:LLL) traded up 2.33% 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 has a 50-day moving average of $120.6 and a 200-day moving average of $116.6. The company has a market cap of $9.262 billion and a P/E ratio of 12.43.
L-3 Communications Holdings (NYSE:LLL) last released its earnings data on Thursday, July 31st. The company reported $1.96 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $2.03 earnings per share. L-3 Communications Holdings’s revenue was down 5.7% compared to the same quarter last year. On average, analysts predict that L-3 Communications Holdings will post $8.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, August 14th.
A number of other firms have also recently commented on LLL. Analysts at JPMorgan Chase & Co. raised their price target on shares of L-3 Communications Holdings from $135.00 to $140.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. L-3 Communications Holdings presently has a consensus rating of “Hold” and an average price target of $126.40.
L-3 Communications Holdings, Inc is a prime contractor in aerospace systems and national security solutions.
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