L3 Technologies (LLL) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of L3 Technologies (NYSE:LLL) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Several other equities analysts also recently commented on LLL. Bank of America upped their price target on shares of L3 Technologies from $185.00 to $205.00 and gave the company a neutral rating in a report on Tuesday, October 10th. SunTrust Banks upped their price target on shares of L3 Technologies to $253.00 and gave the company a buy rating in a report on Friday, January 26th. Cowen reiterated a buy rating and set a $225.00 price target on shares of L3 Technologies in a report on Friday, January 26th. Royal Bank of Canada reiterated a buy rating and set a $250.00 price target on shares of L3 Technologies in a report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded shares of L3 Technologies from a hold rating to a sell rating in a report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. L3 Technologies has an average rating of Buy and an average price target of $212.70.

Shares of L3 Technologies (NYSE LLL) opened at $199.39 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16,448.92, a PE ratio of 24.50, a PEG ratio of 2.67 and a beta of 1.26. L3 Technologies has a 1 year low of $159.06 and a 1 year high of $218.71.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.55 billion. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.38 EPS. sell-side analysts anticipate that L3 Technologies will post 9.55 earnings per share for the current fiscal year.

In other L3 Technologies news, insider Michael T. Strianese sold 22,545 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $196.26, for a total value of $4,424,681.70. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 220,120 shares of company stock worth $45,346,416 over the last 90 days. Insiders own 2.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its position in shares of L3 Technologies by 6.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,353 shares of the aerospace company’s stock worth $1,059,000 after purchasing an additional 324 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of L3 Technologies by 3.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,164 shares of the aerospace company’s stock worth $2,604,000 after purchasing an additional 494 shares during the period. Moody Lynn & Lieberson LLC lifted its position in shares of L3 Technologies by 16.4% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 22,800 shares of the aerospace company’s stock worth $4,888,000 after purchasing an additional 3,210 shares during the period. Aperio Group LLC lifted its position in shares of L3 Technologies by 4.0% in the 4th quarter. Aperio Group LLC now owns 29,750 shares of the aerospace company’s stock worth $5,886,000 after purchasing an additional 1,156 shares during the period. Finally, Palisade Asset Management LLC purchased a new stake in shares of L3 Technologies in the 4th quarter worth approximately $9,763,000. Institutional investors and hedge funds own 78.94% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for L3 Technologies (NYSE:LLL)

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