L3 Technologies (NYSE:LLL) had its target price increased by Barclays from $245.00 to $270.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Barclays‘s target price would suggest a potential upside of 14.64% from the company’s previous close.
A number of other equities analysts have also weighed in on LLL. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Credit Suisse Group upped their price target on shares of L3 Technologies from $232.00 to $258.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Cowen reaffirmed a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a research report on Wednesday, May 1st. Finally, SunTrust Banks raised shares of L3 Technologies to a “buy” rating and set a $265.00 price target for the company in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $238.33.
Shares of LLL opened at $235.51 on Thursday. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.54. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.28. L3 Technologies has a 12-month low of $158.76 and a 12-month high of $239.35.
L3 Technologies (NYSE:LLL) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.37. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.53 billion. L3 Technologies had a net margin of 9.64% and a return on equity of 15.50%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 earnings per share. As a group, research analysts anticipate that L3 Technologies will post 11.74 earnings per share for the current year.
In other L3 Technologies news, insider Todd W. Gautier sold 7,438 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $205.69, for a total transaction of $1,529,922.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd W. Gautier sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $214.86, for a total transaction of $773,496.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its stake in L3 Technologies by 1.1% during the third quarter. Vanguard Group Inc now owns 8,734,137 shares of the aerospace company’s stock worth $1,857,051,000 after buying an additional 96,559 shares during the period. BlackRock Inc. grew its stake in L3 Technologies by 1.2% during the first quarter. BlackRock Inc. now owns 6,145,672 shares of the aerospace company’s stock worth $1,268,284,000 after buying an additional 72,329 shares during the period. CNH Partners LLC grew its stake in L3 Technologies by 3.8% during the first quarter. CNH Partners LLC now owns 1,214,208 shares of the aerospace company’s stock worth $250,576,000 after buying an additional 43,916 shares during the period. Geode Capital Management LLC grew its stake in L3 Technologies by 6.1% during the first quarter. Geode Capital Management LLC now owns 1,094,049 shares of the aerospace company’s stock worth $225,380,000 after buying an additional 62,928 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in L3 Technologies by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 928,890 shares of the aerospace company’s stock worth $161,292,000 after buying an additional 5,194 shares during the period. Institutional investors own 82.50% of the company’s stock.
L3 Technologies Company Profile
L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.
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