L3 Technologies (LLL) Price Target Cut to $220.00

L3 Technologies (NYSE:LLL) had its price objective trimmed by Barclays from $274.00 to $220.00 in a research report released on Tuesday morning. The firm currently has an overweight rating on the aerospace company’s stock.

Several other research firms also recently commented on LLL. SunTrust Banks raised their target price on L3 Technologies to $268.00 and gave the stock a buy rating in a research report on Tuesday, October 16th. Zacks Investment Research raised L3 Technologies from a hold rating to a buy rating and set a $238.00 price objective for the company in a research note on Monday, October 1st. Credit Suisse Group lifted their price objective on L3 Technologies from $238.00 to $272.00 and gave the stock an outperform rating in a research note on Monday, October 15th. ValuEngine upgraded L3 Technologies from a hold rating to a buy rating in a report on Tuesday, October 16th. Finally, Vertical Research upgraded L3 Technologies from a hold rating to a buy rating in a report on Monday, October 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $236.67.

Shares of NYSE LLL opened at $179.48 on Tuesday. The firm has a market cap of $14.03 billion, a PE ratio of 21.19, a P/E/G ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.96 and a quick ratio of 1.56. L3 Technologies has a 12 month low of $172.54 and a 12 month high of $223.73.

L3 Technologies (NYSE:LLL) last issued its earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, hitting the consensus estimate of $2.85. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. L3 Technologies had a return on equity of 14.71% and a net margin of 10.64%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. On average, research analysts anticipate that L3 Technologies will post 10.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a $0.80 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.20 annualized dividend and a dividend yield of 1.78%. L3 Technologies’s dividend payout ratio is presently 37.78%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in shares of L3 Technologies by 335.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,024,773 shares of the aerospace company’s stock worth $217,887,000 after purchasing an additional 789,305 shares during the last quarter. Capital International Investors purchased a new position in shares of L3 Technologies during the 3rd quarter valued at $159,465,000. Deutsche Bank AG grew its position in shares of L3 Technologies by 131.8% during the 3rd quarter. Deutsche Bank AG now owns 466,986 shares of the aerospace company’s stock valued at $99,286,000 after purchasing an additional 265,526 shares in the last quarter. Swiss National Bank bought a new stake in shares of L3 Technologies during the 2nd quarter worth $50,307,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of L3 Technologies by 10.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock worth $359,639,000 after acquiring an additional 172,277 shares during the last quarter. 80.01% of the stock is currently owned by institutional investors and hedge funds.

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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