L-3 Communications (NYSE:LLL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cowen in a note issued to investors on Wednesday. They currently have a $210.00 target price on the aerospace company’s stock. Cowen’s target price indicates a potential upside of 7.89% from the stock’s current price.

LLL has been the topic of several other reports. Stifel Nicolaus boosted 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. ValuEngine cut shares of L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating on shares of L-3 Communications in a research report on Sunday, October 8th. Bank of America upped their target price on shares of L-3 Communications from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, October 2nd. Seven research 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 stock. The stock has an average rating of “Buy” and a consensus price target of $198.36.

Shares of L-3 Communications (NYSE:LLL) traded down $0.41 during trading hours on Wednesday, reaching $194.64. 770,100 shares of the company’s stock traded hands, compared to its average volume of 553,100. 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 52-week low of $143.54 and a 52-week high of $199.97. The company has a market cap of $15,241.63, a PE ratio of 22.63, a PEG ratio of 3.88 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last issued its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. research analysts expect that L-3 Communications will post 8.92 EPS for the current year.

In other news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $185.87, for a total value of $4,190,810.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 67,639 shares of company stock worth $12,818,253. 2.90% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in LLL. Acrospire Investment Management LLC bought a new position in L-3 Communications in the 2nd quarter valued at about $100,000. Bronfman E.L. Rothschild L.P. raised its holdings in L-3 Communications by 103.1% in the 2nd 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 period. Invictus RG bought a new position in L-3 Communications in the 3rd quarter valued at about $135,000. San Francisco Sentry Investment Group CA bought a new position in L-3 Communications in the 2nd quarter valued at about $171,000. Finally, Parallel Advisors LLC raised its holdings in L-3 Communications by 56.5% in the 3rd 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 period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

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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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