L-3 Communications Holdings Inc. (NYSE:LLL) Given Average Rating of “Buy” by Brokerages
Shares of L-3 Communications Holdings Inc. (NYSE:LLL) have received a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the company. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $157.00.
A number of research firms have recently issued reports on LLL. Zacks Investment Research upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a research report on Wednesday, September 28th. Robert W. Baird assumed coverage on shares of L-3 Communications Holdings in a research note on Wednesday. They set an “outperform” rating and a $184.00 price objective for the company. Citigroup Inc. assumed coverage on shares of L-3 Communications Holdings in a research note on Tuesday, September 6th. They set a “buy” rating and a $174.00 price objective for the company. Jefferies Group raised their price objective on shares of L-3 Communications Holdings from $135.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $160.00 price objective on shares of L-3 Communications Holdings in a research note on Monday, August 15th.
L-3 Communications Holdings (NYSE:LLL) traded up 1.28% on Thursday, reaching $152.37. The company had a trading volume of 274,394 shares. L-3 Communications Holdings has a 52-week low of $105.88 and a 52-week high of $154.50. The stock’s market capitalization is $11.77 billion. The stock has a 50 day moving average price of $149.22 and a 200 day moving average price of $140.63.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.19. L-3 Communications Holdings had a negative net margin of 0.85% and a positive return on equity of 14.37%. The company earned $2.66 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm earned $1.36 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $7.88 EPS for the current year.
In other news, Director Arthur L. Simon sold 3,600 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $149.00, for a total transaction of $536,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Claude R. Canizares sold 2,469 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $150.23, for a total transaction of $370,917.87. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Hancock Holding Co. acquired a new position in L-3 Communications Holdings during the first quarter valued at $2,459,000. Pictet Asset Management Ltd. raised its position in L-3 Communications Holdings by 2.4% in the first quarter. Pictet Asset Management Ltd. now owns 76,699 shares of the company’s stock valued at $8,998,000 after buying an additional 1,800 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in L-3 Communications Holdings during the first quarter valued at $259,000. BB&T Securities LLC raised its position in L-3 Communications Holdings by 125.8% in the first quarter. BB&T Securities LLC now owns 21,204 shares of the company’s stock valued at $2,513,000 after buying an additional 11,813 shares during the last quarter. Finally, ING Groep NV acquired a new position in L-3 Communications Holdings during the first quarter valued at $206,000. 80.40% of the stock is owned by institutional investors.
L-3 Communications Holdings Company Profile
L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.
Receive News & Stock Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related stocks with our FREE daily email newsletter.