L3 Technologies (NYSE:LLL) had its target price increased by SunTrust Banks to $253.00 in a research report issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ target price indicates a potential upside of 18.08% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada set a $202.00 target price on L3 Technologies and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Cowen reaffirmed a “buy” rating and set a $200.00 target price on shares of L3 Technologies in a research note on Friday, October 27th. Stifel Nicolaus increased their price target on L3 Technologies from $195.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded L3 Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Five equities 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. The stock has a consensus rating of “Buy” and an average target price of $211.20.
L3 Technologies (LLL) traded up $5.06 during midday trading on Friday, reaching $214.26. The company had a trading volume of 364,783 shares, compared to its average volume of 676,721. L3 Technologies has a fifty-two week low of $154.54 and a fifty-two week high of $214.97. The firm has a market capitalization of $16,393.41, a PE ratio of 29.46, a P/E/G ratio of 3.34 and a beta of 1.19. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.
In other L3 Technologies news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 203,152 shares of company stock worth $40,960,196. Corporate insiders own 2.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its holdings in shares of L3 Technologies by 56.1% in the second quarter. GSA Capital Partners LLP now owns 5,085 shares of the aerospace company’s stock valued at $850,000 after purchasing an additional 1,828 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of L3 Technologies by 19.1% in the second quarter. MML Investors Services LLC now owns 2,317 shares of the aerospace company’s stock valued at $387,000 after purchasing an additional 371 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of L3 Technologies by 7.0% in the second quarter. Suntrust Banks Inc. now owns 4,290 shares of the aerospace company’s stock valued at $715,000 after purchasing an additional 280 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of L3 Technologies by 33.6% in the second quarter. Parametric Portfolio Associates LLC now owns 201,442 shares of the aerospace company’s stock valued at $33,657,000 after purchasing an additional 50,682 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of L3 Technologies by 23.8% in the second quarter. Stifel Financial Corp now owns 61,581 shares of the aerospace company’s stock valued at $10,301,000 after purchasing an additional 11,824 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.
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L3 Technologies Company Profile
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.
