L-3 Communications (NYSE:LLL)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Wednesday. They presently have a $215.00 price objective on the aerospace company’s stock. Stifel Nicolaus’ price target points to a potential upside of 10.46% from the company’s previous close.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada upgraded L-3 Communications from a “sector perform” rating to an “outperform” rating and set a $159.00 target price for the company in a research report on Wednesday. Cowen restated a “buy” rating and issued a $190.00 target price on shares of L-3 Communications in a research report on Monday, August 14th. Drexel Hamilton upgraded L-3 Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine downgraded L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $185.00 price objective (up previously from $175.00) on shares of L-3 Communications in a research report on Tuesday, October 10th. Seven investment 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. The stock has an average rating of “Buy” and an average price target of $194.20.

L-3 Communications (NYSE LLL) traded down $0.41 during trading hours on Wednesday, reaching $194.64. The company had a trading volume of 770,198 shares, compared to its average volume of 553,100. The company has a market cap of $15,076.75, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 3.84 and a beta of 1.19. L-3 Communications has a one year low of $143.54 and a one year high of $199.97. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

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

In other L-3 Communications news, insider Michael T. Strianese sold 22,545 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 67,639 shares of company stock valued at $12,818,253 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC purchased a new position in shares of L-3 Communications during the second quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 valued at $109,000 after buying an additional 332 shares during the period. Invictus RG purchased a new position in shares of L-3 Communications during the third quarter valued at approximately $135,000. San Francisco Sentry Investment Group CA purchased a new position in shares of L-3 Communications during the second quarter valued at approximately $171,000. Finally, Parallel Advisors LLC increased its stake in shares of L-3 Communications by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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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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