L-3 Communications’ (LLL) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of L-3 Communications (NYSE:LLL) in a report released on Thursday morning, The Fly reports.

Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $182.00 price objective on shares of L-3 Communications in a report on Friday, September 1st. Stifel Nicolaus upped their price objective on shares of L-3 Communications from $195.00 to $205.00 and gave the stock a hold rating in a report on Friday, October 27th. Cowen reaffirmed a buy rating and issued a $200.00 price objective on shares of L-3 Communications in a report on Friday, October 27th. SunTrust Banks initiated coverage on shares of L-3 Communications in a report on Monday, November 20th. They issued a buy rating for the company. Finally, Zacks Investment Research raised shares of L-3 Communications from a sell rating to a hold rating in a report on Tuesday, October 31st. Seven 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. L-3 Communications presently has a consensus rating of Buy and an average target price of $198.36.

Shares of L-3 Communications (LLL) opened at $193.85 on Thursday. The firm has a market cap of $15,147.86, a PE ratio of 22.49, a P/E/G ratio of 3.37 and a beta of 1.19. L-3 Communications has a 1-year low of $143.54 and a 1-year high of $199.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62.

L-3 Communications (NYSE:LLL) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. analysts forecast that L-3 Communications will post 8.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, November 16th. L-3 Communications’s dividend payout ratio (DPR) is presently 41.27%.

In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total value of $4,202,760.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 67,639 shares of company stock worth $12,818,253. 2.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in L-3 Communications by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after buying an additional 431,776 shares during the period. BlackRock Inc. increased its holdings in shares of L-3 Communications by 5.8% in the 2nd quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after purchasing an additional 313,761 shares during the period. Boston Partners increased its holdings in shares of L-3 Communications by 80.6% in the 2nd quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock valued at $353,372,000 after purchasing an additional 944,150 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of L-3 Communications by 221.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock valued at $214,322,000 after purchasing an additional 783,446 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of L-3 Communications by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock valued at $157,265,000 after purchasing an additional 27,812 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “L-3 Communications’ (LLL) “Outperform” Rating Reiterated at Credit Suisse Group” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/12/11/l-3-communications-lll-outperform-rating-reiterated-at-credit-suisse-group.html.

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)

Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply