L3 Technologies (LLL) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of L3 Technologies (NYSE:LLL) from a hold rating to a buy rating in a report issued on Tuesday.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group boosted their target price on L3 Technologies from $218.00 to $238.00 and gave the stock an outperform rating in a report on Friday, July 27th. Zacks Investment Research raised L3 Technologies from a hold rating to a buy rating and set a $237.00 target price on the stock in a report on Monday, July 30th. Jefferies Financial Group reissued a hold rating and issued a $220.00 target price on shares of L3 Technologies in a report on Wednesday, July 11th. Cowen reissued a buy rating and issued a $225.00 target price on shares of L3 Technologies in a report on Tuesday, July 3rd. Finally, Citigroup boosted their target price on L3 Technologies from $240.00 to $250.00 and gave the stock a buy rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $241.27.

L3 Technologies stock opened at $220.80 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. L3 Technologies has a 12 month low of $180.24 and a 12 month high of $223.73. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.28 and a beta of 1.23.

L3 Technologies (NYSE:LLL) last released its earnings results on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.46. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts predict that L3 Technologies will post 10.03 EPS for the current year.

Several large investors have recently made changes to their positions in LLL. Summit Trail Advisors LLC lifted its holdings in shares of L3 Technologies by 13,429.5% during the first quarter. Summit Trail Advisors LLC now owns 1,065,987 shares of the aerospace company’s stock valued at $1,066,000 after purchasing an additional 1,058,108 shares in the last quarter. Swiss National Bank bought a new position in shares of L3 Technologies during the second quarter valued at $50,307,000. Janus Henderson Group PLC lifted its holdings in shares of L3 Technologies by 10.1% during the second quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock valued at $359,639,000 after purchasing an additional 172,277 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of L3 Technologies by 32.3% during the second quarter. American Century Companies Inc. now owns 640,665 shares of the aerospace company’s stock valued at $123,213,000 after purchasing an additional 156,357 shares in the last quarter. Finally, Rovida Advisors Inc. bought a new position in shares of L3 Technologies during the second quarter valued at $29,257,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

L3 Technologies Company Profile

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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Analyst Recommendations for L3 Technologies (NYSE:LLL)

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