L-3 Communications Holdings Inc. (LLL) PT Raised to $180.00 at Citigroup Inc.
L-3 Communications Holdings Inc. (NYSE:LLL) had its price target increased by investment analysts at Citigroup Inc. from $174.00 to $180.00 in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 18.73% from the stock’s previous close.
Several other analysts also recently weighed in on LLL. Deutsche Bank AG restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of L-3 Communications Holdings in a research report on Monday, June 13th. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research report on Tuesday, June 14th. Jefferies Group restated a “hold” rating on shares of L-3 Communications Holdings in a research report on Monday, July 11th. JPMorgan Chase & Co. upgraded L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $158.00 to $182.00 in a research report on Thursday, August 25th. Finally, Robert W. Baird initiated coverage on L-3 Communications Holdings in a research report on Wednesday, October 5th. They set an “outperform” rating and a $184.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $157.46.
L-3 Communications Holdings (NYSE:LLL) traded down 0.14% during trading on Monday, hitting $151.39. The stock had a trading volume of 130,586 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 company has a 50-day moving average of $149.34 and a 200 day moving average of $140.95.
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L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, July 28th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. The company 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%. L-3 Communications Holdings’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. On average, equities research analysts anticipate that L-3 Communications Holdings will post $7.88 EPS for the current year.
In related news, Director Arthur L. Simon sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $149.00, for a total transaction of $536,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Claude R. Canizares sold 2,469 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $150.23, for a total value of $370,917.87. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in LLL. Vanguard Group Inc. boosted its stake in L-3 Communications Holdings by 6.1% in the second quarter. Vanguard Group Inc. now owns 7,167,942 shares of the company’s stock valued at $1,051,465,000 after buying an additional 414,327 shares in the last quarter. Alliancebernstein L.P. boosted its stake in L-3 Communications Holdings by 0.5% in the second quarter. Alliancebernstein L.P. now owns 3,548,466 shares of the company’s stock valued at $520,524,000 after buying an additional 19,038 shares in the last quarter. FIL Ltd boosted its stake in L-3 Communications Holdings by 21.9% in the fourth quarter. FIL Ltd now owns 3,213,285 shares of the company’s stock valued at $384,020,000 after buying an additional 576,853 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in L-3 Communications Holdings by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 2,645,100 shares of the company’s stock valued at $313,446,000 after buying an additional 112,599 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in L-3 Communications Holdings by 4.3% in the second quarter. BlackRock Fund Advisors now owns 1,460,347 shares of the company’s stock valued at $214,218,000 after buying an additional 60,455 shares in the last quarter. 80.41% of the stock is owned by institutional investors and hedge funds.
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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