L3 Technologies (LLL) Stock Rating Reaffirmed by Royal Bank of Canada

L3 Technologies (NYSE:LLL)‘s stock had its “buy” rating reissued by Royal Bank of Canada in a report issued on Wednesday. They presently have a $250.00 price objective on the aerospace company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 15.51% from the stock’s current price.

LLL has been the subject of a number of other research reports. Cowen reiterated a “buy” rating and issued a $210.00 price target on shares of L3 Technologies in a research note on Wednesday, December 6th. Stifel Nicolaus increased their price target on shares of L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 27th. ValuEngine cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Bank of America increased their price objective on shares of L3 Technologies from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $212.70.

Shares of L3 Technologies (NYSE LLL) traded down $0.58 on Wednesday, reaching $216.43. 140,578 shares of the company traded hands, compared to its average volume of 703,205. The firm has a market capitalization of $16,957.63, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.89 and a quick ratio of 1.72. L3 Technologies has a fifty-two week low of $154.54 and a fifty-two week high of $218.71.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 earnings per share. equities research analysts predict that L3 Technologies will post 9.48 EPS for the current year.

In related news, insider Michael T. Strianese sold 22,545 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $196.26, for a total transaction of $4,424,681.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 203,152 shares of company stock worth $40,960,196 over the last three months. Insiders own 2.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in L3 Technologies by 221.3% during the third quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock worth $214,322,000 after acquiring an additional 783,446 shares during the period. Dimensional Fund Advisors LP increased its position in L3 Technologies by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock worth $157,265,000 after acquiring an additional 27,812 shares during the period. Wells Fargo & Company MN increased its position in L3 Technologies by 3.4% during the third quarter. Wells Fargo & Company MN now owns 912,061 shares of the aerospace company’s stock worth $171,860,000 after acquiring an additional 29,963 shares during the period. TimesSquare Capital Management LLC increased its position in L3 Technologies by 7.2% during the third quarter. TimesSquare Capital Management LLC now owns 746,075 shares of the aerospace company’s stock worth $140,583,000 after acquiring an additional 49,870 shares during the period. Finally, Janus Henderson Group PLC increased its position in L3 Technologies by 7,291.5% during the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock worth $119,840,000 after acquiring an additional 707,566 shares during the period. 78.68% of the stock is currently owned by institutional investors and hedge funds.

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About L3 Technologies

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 L3 Technologies (NYSE:LLL)

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