L-3 Communications (NYSE:LLL) was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday. The brokerage presently has a $159.00 target price on the aerospace company’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 18.31% from the stock’s current price.

A number of other research firms have also recently commented on LLL. Cowen reaffirmed a “buy” rating and set a $200.00 price objective (up from $190.00) on shares of L-3 Communications in a research report on Tuesday, October 3rd. ValuEngine cut shares of L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Deutsche Bank reaffirmed a “buy” rating and set a $205.00 price objective (up from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Zacks Investment Research raised shares of L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 2nd. Finally, Jefferies Group reissued a “hold” rating and issued a $185.00 target price (up previously from $175.00) on shares of L-3 Communications in a research report on Tuesday, October 10th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. L-3 Communications presently has an average rating of “Buy” and a consensus target price of $193.20.

L-3 Communications (LLL) traded down $0.41 during mid-day trading on Wednesday, reaching $194.64. 770,198 shares of the company’s stock were exchanged, compared to its average volume of 553,100. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. L-3 Communications has a 1 year low of $143.54 and a 1 year high of $199.97. The company has a market capitalization of $15,076.75, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.84 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the business posted $1.88 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts expect that L-3 Communications will post 8.92 EPS for the current fiscal year.

In related news, insider Michael T. Strianese sold 22,545 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 67,639 shares of company stock valued at $12,818,253. 2.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new position in L-3 Communications during the second quarter worth about $100,000. Bronfman E.L. Rothschild L.P. raised its stake in L-3 Communications by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 332 shares in the last quarter. Invictus RG acquired a new position in L-3 Communications during the third quarter worth about $135,000. San Francisco Sentry Investment Group CA acquired a new position in L-3 Communications during the second quarter worth about $171,000. Finally, Parallel Advisors LLC raised its stake in L-3 Communications by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

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About L-3 Communications

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.

Analyst Recommendations for L-3 Communications (NYSE:LLL)

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