L-3 Communications Holdings, Inc. (LLL) Receives “Buy” Rating from Deutsche Bank AG
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.
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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.
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