RBC Capital Increases L-3 Communications Holdings Price Target to $118.00 (LLL)
Equities research analysts at RBC Capital increased their price objective on shares of L-3 Communications Holdings (NYSE:LLL) from $5.00 to $118.00 in a research note issued to investors on Tuesday. RBC Capital’s price objective indicates a potential upside of 7.32% from the company’s current price.
L-3 Communications Holdings (NYSE:LLL) traded up 0.04% on Tuesday, hitting $109.995. 248,753 shares of the company’s stock traded hands. L-3 Communications Holdings has a 1-year low of $90.16 and a 1-year high of $127.27. The stock’s 50-day moving average is $112.3 and its 200-day moving average is $116.4. The company has a market cap of $9.470 billion and a P/E ratio of 13.46.
L-3 Communications Holdings (NYSE:LLL) last announced its earnings results 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 $8.01 EPS for the current fiscal year.
LLL has been the subject of a number of other recent research reports. 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 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. Finally, 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, July 31st. They now have a $90.00 price target on the stock, down previously from $102.00. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $126.22.
L-3 Communications Holdings, Inc is a prime contractor in aerospace systems and national security solutions.
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