L-3 Communications Holdings Given Consensus Recommendation of “Hold” by Analysts (NYSE:LLL)
Shares of L-3 Communications Holdings (NYSE:LLL) have received an average rating of “Hold” from the ten analysts that are currently covering the stock, Analyst Ratings Net reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $125.67.
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.
Shares of L-3 Communications Holdings (NYSE:LLL) opened at 109.77 on Wednesday. L-3 Communications Holdings has a 1-year low of $90.07 and a 1-year high of $127.27. The stock’s 50-day moving average is $113.4 and its 200-day moving average is $116.4. The company has a market cap of $9.451 billion and a price-to-earnings ratio of 13.52.
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 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 $8.01 EPS for the current fiscal year.
L-3 Communications Holdings, Inc is a prime contractor in aerospace systems and national security solutions.
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