L-3 Communications Holdings, Inc. (NYSE:LLL)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Monday. They currently have a $205.00 price objective on the aerospace company’s stock, up from their previous price objective of $190.00. Deutsche Bank AG’s target price suggests a potential upside of 8.79% from the stock’s current price.

LLL has been the subject of several other research reports. BidaskClub raised shares of L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Cowen and Company reaffirmed an “outperform” rating and set a $185.00 price objective on shares of L-3 Communications Holdings in a report on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $175.00 price objective on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 price objective (up from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Finally, Zacks Investment Research lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. L-3 Communications Holdings presently has an average rating of “Buy” and a consensus price target of $186.36.

Shares of L-3 Communications Holdings (LLL) traded up 1.60% during trading on Monday, reaching $191.45. 229,302 shares of the company’s stock were exchanged. L-3 Communications Holdings has a 52-week low of $132.38 and a 52-week high of $191.45. The company has a market capitalization of $14.89 billion, a PE ratio of 21.25 and a beta of 1.15. The company has a 50 day moving average price of $181.04 and a 200-day moving average price of $171.55.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm earned $1.88 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that L-3 Communications Holdings will post $8.89 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “L-3 Communications Holdings, Inc. (LLL) Receives “Buy” Rating from Deutsche Bank AG” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/10/02/l-3-communications-holdings-inc-lll-receives-buy-rating-from-deutsche-bank-ag.html.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $182.05, for a total transaction of $4,104,681.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Claude R. Canizares sold 2,981 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total transaction of $541,588.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,075 shares of company stock worth $9,459,098. 2.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LLL. Intl Fcstone Inc. acquired a new stake in shares of L-3 Communications Holdings during the 2nd quarter worth approximately $974,000. Sentry Investment Management LLC raised its stake in shares of L-3 Communications Holdings by 67.3% during the second quarter. Sentry Investment Management LLC now owns 6,168 shares of the aerospace company’s stock worth $1,031,000 after buying an additional 2,482 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of L-3 Communications Holdings by 25.7% during the second quarter. Toronto Dominion Bank now owns 26,379 shares of the aerospace company’s stock worth $4,407,000 after buying an additional 5,389 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of L-3 Communications Holdings during the second quarter worth approximately $673,000. Finally, Advisory Services Network LLC lifted its holdings in L-3 Communications Holdings by 4.0% in the second quarter. Advisory Services Network LLC now owns 2,242 shares of the aerospace company’s stock valued at $375,000 after buying an additional 86 shares during the period. 79.08% of the stock is currently owned by institutional investors.

L-3 Communications Holdings Company Profile

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.

Analyst Recommendations for L-3 Communications Holdings (NYSE:LLL)

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.