L-3 Communications (NYSE:LLL) had its price target hoisted by research analysts at Citigroup to $230.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target indicates a potential upside of 18.79% from the company’s current price.

A number of other equities research analysts also recently weighed in on LLL. Royal Bank Of Canada raised L-3 Communications from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $202.00 to $159.00 in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $215.00 target price on shares of L-3 Communications in a research report on Wednesday. ValuEngine downgraded L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen reissued a “buy” rating and set a $200.00 target price (up from $190.00) on shares of L-3 Communications in a research report on Tuesday, October 3rd. Finally, Bank of America lifted their target price on L-3 Communications from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $198.36.

L-3 Communications (NYSE:LLL) traded down $1.02 during mid-day trading on Thursday, reaching $193.62. The company had a trading volume of 956,647 shares, compared to its average volume of 554,810. L-3 Communications has a fifty-two week low of $143.54 and a fifty-two week high of $199.97. The firm has a market capitalization of $15,241.63, a P/E ratio of 22.63, a PEG ratio of 3.88 and a beta of 1.19. The company has a current ratio of 1.80, a quick ratio of 1.62 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 analysts’ consensus estimates of $1.93 by $0.03. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts predict 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 22,547 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $185.87, for a total transaction of $4,190,810.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 67,639 shares of company stock valued at $12,818,253. Corporate insiders own 2.90% of the company’s stock.

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

The Fly

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

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