ValuEngine upgraded shares of L3 Technologies (NYSE:LLL) from a hold rating to a buy rating in a research note released on Tuesday.
A number of other analysts have also weighed in on LLL. Cowen restated a buy rating and set a $225.00 price objective on shares of L3 Technologies in a research note on Tuesday, July 3rd. Jefferies Financial Group restated a hold rating and set a $220.00 price objective on shares of L3 Technologies in a research note on Wednesday, July 11th. Zacks Investment Research lowered shares of L3 Technologies from a strong-buy rating to a hold rating in a research note on Sunday, July 15th. Credit Suisse Group raised their price objective on shares of L3 Technologies from $218.00 to $238.00 and gave the company an outperform rating in a research note on Friday, July 27th. Finally, Citigroup raised their price objective on shares of L3 Technologies from $240.00 to $250.00 and gave the company a buy rating in a research note on Monday, July 30th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $241.27.
NYSE LLL traded down $1.18 during trading hours on Tuesday, reaching $217.05. 2,810 shares of the company’s stock traded hands, compared to its average volume of 826,511. L3 Technologies has a 52-week low of $180.24 and a 52-week high of $223.73. The stock has a market cap of $17.24 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.46. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. L3 Technologies’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. Research analysts expect that L3 Technologies will post 10.31 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in LLL. The Manufacturers Life Insurance Company grew its stake in shares of L3 Technologies by 5.3% in the first quarter. The Manufacturers Life Insurance Company now owns 177,546 shares of the aerospace company’s stock worth $36,930,000 after acquiring an additional 8,995 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of L3 Technologies by 41.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,590 shares of the aerospace company’s stock worth $747,000 after acquiring an additional 1,047 shares during the period. Mariner LLC grew its stake in shares of L3 Technologies by 38.8% in the first quarter. Mariner LLC now owns 2,454 shares of the aerospace company’s stock worth $510,000 after acquiring an additional 686 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of L3 Technologies by 14.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 189,048 shares of the aerospace company’s stock worth $39,321,000 after acquiring an additional 23,353 shares during the period. Finally, NEXT Financial Group Inc bought a new stake in shares of L3 Technologies in the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.
About L3 Technologies
L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.
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