L-3 Communications Holdings Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:LLL)
L-3 Communications Holdings (NYSE:LLL) has received a consensus rating of “Hold” from the ten analysts that are covering the stock, AnalystRatings.NET reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $125.67.
L-3 Communications Holdings (NYSE:LLL) opened at 107.75 on Wednesday. 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 $114.4 and a 200-day moving average of $116.5. The company has a market cap of $9.277 billion and a P/E ratio of 13.19.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.96 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.05 EPS for the current fiscal year.
A number of research firms have recently commented on LLL. Analysts at Barclays reiterated an “equal weight” rating on shares of L-3 Communications Holdings in a research note on Monday, August 11th. They now have a $116.00 price target on the stock, down previously from $124.00. Separately, analysts at RBC Capital cut their price target on shares of L-3 Communications Holdings from $123.00 to $113.00 in a research note on Friday, August 1st. Finally, 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, August 1st. They now have an “overweight” rating on the stock.
L-3 Communications Holdings, Inc is a prime contractor in aerospace systems and national security solutions.
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