L-3 Communications (NYSE:LLL)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a note issued to investors on Thursday, The Fly reports.

Several other analysts have also issued reports on LLL. Royal Bank Of Canada reaffirmed a “hold” rating and set a $182.00 price target on shares of L-3 Communications in a research report on Friday, September 1st. Cowen reaffirmed a “buy” rating and set a $200.00 price target on shares of L-3 Communications in a research report on Friday, October 27th. Stifel Nicolaus upped their price target on shares of L-3 Communications from $195.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. SunTrust Banks initiated coverage on shares of L-3 Communications in a research report on Monday, November 20th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of L-3 Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. L-3 Communications has an average rating of “Buy” and an average price target of $197.45.

L-3 Communications (LLL) opened at $194.64 on Thursday. 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 has a one year low of $143.54 and a one year high of $199.97. The firm has a market cap of $15,241.63, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 3.88 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last announced 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. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. equities research analysts expect that L-3 Communications will post 8.92 EPS for the current year.

In related news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total value of $4,202,760.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 67,639 shares of company stock worth $12,818,253. Corporate insiders own 2.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new position in shares of L-3 Communications in the second quarter valued at about $100,000. Bronfman E.L. Rothschild L.P. grew 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 buying an additional 332 shares in the last quarter. Invictus RG acquired a new stake in L-3 Communications during the third quarter worth about $135,000. Parallel Advisors LLC grew 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 buying an additional 347 shares in the last quarter. Finally, NEXT Financial Group Inc grew its stake in L-3 Communications by 53.8% during the third quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after buying an additional 354 shares in the last quarter. Institutional investors and hedge funds 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.

The Fly

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

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