L-3 Communications Holdings Inc. (LLL) Given New $180.00 Price Target at Citigroup Inc.
L-3 Communications Holdings Inc. (NYSE:LLL) had its price target boosted by equities research analysts at Citigroup Inc. from $174.00 to $180.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 18.73% from the company’s current price.
Several other analysts have also issued reports on the company. Jefferies Group boosted their target price on L-3 Communications Holdings from $135.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Deutsche Bank AG restated a “buy” rating and issued a $160.00 target price on shares of L-3 Communications Holdings in a research note on Monday, August 15th. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Wednesday, September 28th. Robert W. Baird began coverage on L-3 Communications Holdings in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $184.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $158.00 to $182.00 in a research report on Thursday, August 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $157.46.
L-3 Communications Holdings (NYSE:LLL) traded down 0.18% during trading on Monday, reaching $151.32. The company’s stock had a trading volume of 140,865 shares. The company’s market cap is $11.69 billion. L-3 Communications Holdings has a 52-week low of $105.88 and a 52-week high of $154.50. The stock has a 50-day moving average price of $149.34 and a 200 day moving average price of $140.95.
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L-3 Communications Holdings (NYSE:LLL) last issued its earnings results on Thursday, July 28th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.19. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.49 billion. L-3 Communications Holdings had a positive return on equity of 14.37% and a negative net margin of 0.85%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. On average, analysts expect that L-3 Communications Holdings will post $7.88 EPS for the current year.
In other news, insider Ralph Dambrosio sold 12,760 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $150.00, for a total value of $1,914,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Post sold 33,375 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $151.29, for a total value of $5,049,303.75. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Tuttle Tactical Management LLC purchased a new position in L-3 Communications Holdings during the second quarter worth about $107,000. PineBridge Investments L.P. boosted its position in L-3 Communications Holdings by 79.7% in the second quarter. PineBridge Investments L.P. now owns 1,003 shares of the company’s stock worth $147,000 after buying an additional 445 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in L-3 Communications Holdings by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock worth $148,000 after buying an additional 439 shares during the last quarter. Global X Management Co. LLC boosted its position in L-3 Communications Holdings by 114.8% in the second quarter. Global X Management Co. LLC now owns 1,205 shares of the company’s stock worth $177,000 after buying an additional 644 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in L-3 Communications Holdings by 21.3% in the first quarter. IFP Advisors Inc now owns 1,515 shares of the company’s stock worth $180,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.
About L-3 Communications Holdings
L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.
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