Several brokerages have updated their recommendations and price targets on shares of L-3 Communications Holdings (NYSE: LLL) in the last few weeks:

  • 10/3/2017 – L-3 Communications Holdings had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $200.00 price target on the stock.
  • 10/2/2017 – L-3 Communications Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $210.00 price target on the stock. According to Zacks, “L3 Technologies is transforming its business portfolio to bring more focus to defense electronics, communications and ISR markets where it has leading positions. The company follows a disciplined divestment strategy to efficiently focus on its core operations. Its consistent growth in the commercial aviation space, especially in the matured markets of North America and Europe, is also appreciable. Impressively, L3 Technologies’ earnings exceeded the Zacks Consensus Estimate in all the trailing four quarters, with an average positive surprise of 9.70%. Its raised earnings as well as revenue outlook for 2017 also buoy optimism for the stock.  However, the company's overdependence on government orders as well as weaknesses observed in a few product lines continues to hurt the stock.”
  • 10/2/2017 – L-3 Communications Holdings had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $205.00 price target on the stock, up previously from $190.00.
  • 10/2/2017 – L-3 Communications Holdings was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/18/2017 – L-3 Communications Holdings had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $190.00 price target on the stock.
  • 9/1/2017 – L-3 Communications Holdings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/1/2017 – L-3 Communications Holdings had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $182.00 price target on the stock.
  • 8/14/2017 – L-3 Communications Holdings had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $190.00 price target on the stock. They wrote, “LLL’s loss of its SOF GLSS bid is a modest disappointment given we’d assessed a 30%.””
  • 8/8/2017 – L-3 Communications Holdings was upgraded by analysts at Drexel Hamilton from a “hold” rating to a “buy” rating.
  • 8/7/2017 – L-3 Communications Holdings was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “conviction-buy” rating. They now have a $204.00 price target on the stock, up previously from $195.00.

Shares of L-3 Communications Holdings, Inc. (NYSE LLL) traded down 0.58% during midday trading on Tuesday, reaching $190.44. 498,153 shares of the company’s stock traded hands. The stock has a market cap of $14.90 billion, a P/E ratio of 21.47 and a beta of 1.15. The stock has a 50-day moving average price of $183.90 and a 200-day moving average price of $172.85. L-3 Communications Holdings, Inc. has a 52-week low of $132.38 and a 52-week high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.18. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. Analysts forecast that L-3 Communications Holdings, Inc. will post $8.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is presently 33.82%.

In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $173.49, for a total value of $3,911,679.03. The disclosure for this sale can be found here. Insiders sold 53,075 shares of company stock worth $9,459,098 over the last quarter. 2.90% of the stock is currently owned by company insiders.

L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.

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