L3 Technologies (LLL) Hits New 12-Month High After Analyst Upgrade

L3 Technologies Inc (NYSE:LLL) shares hit a new 52-week high during mid-day trading on Monday after Credit Suisse Group raised their price target on the stock from $238.00 to $272.00. Credit Suisse Group currently has an outperform rating on the stock. L3 Technologies traded as high as $221.12 and last traded at $222.40, with a volume of 119254 shares traded. The stock had previously closed at $195.78.

Several other analysts have also issued reports on LLL. ValuEngine lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Vertical Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Financial Group restated a “hold” rating and set a $222.00 price target on shares of L3 Technologies in a research report on Friday, July 27th. Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price target for the company in a research report on Monday, July 30th. Finally, UBS Group assumed coverage on shares of L3 Technologies in a research report on Wednesday, August 15th. They set a “neutral” rating and a $230.00 price target for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. L3 Technologies presently has an average rating of “Buy” and an average price target of $239.91.

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of L3 Technologies by 5.3% during the first quarter. The Manufacturers Life Insurance Company now owns 177,546 shares of the aerospace company’s stock worth $36,930,000 after purchasing an additional 8,995 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of L3 Technologies by 41.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,590 shares of the aerospace company’s stock worth $747,000 after purchasing an additional 1,047 shares during the period. Mariner LLC boosted its holdings in shares of L3 Technologies by 38.8% during the first quarter. Mariner LLC now owns 2,454 shares of the aerospace company’s stock worth $510,000 after purchasing an additional 686 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of L3 Technologies by 199.0% during the first quarter. Cubist Systematic Strategies LLC now owns 8,049 shares of the aerospace company’s stock worth $1,674,000 after purchasing an additional 5,357 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of L3 Technologies by 14.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 189,048 shares of the aerospace company’s stock worth $39,321,000 after purchasing an additional 23,353 shares during the period. Institutional investors and hedge funds own 81.72% of the company’s stock.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 2.28 and a beta of 1.23.

L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, July 26th. The aerospace company reported $2.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.17. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. L3 Technologies’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 earnings per share. On average, analysts expect that L3 Technologies Inc will post 10.03 EPS for the current fiscal year.

About L3 Technologies (NYSE:LLL)

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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