Stifel Nicolaus Reaffirms “Hold” Rating for L-3 Communications (LLL)
L-3 Communications (NYSE:LLL)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $215.00 price target on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 10.46% from the stock’s current price.
Other analysts also recently issued research reports about the company. Deutsche Bank reiterated a “buy” rating and issued a $205.00 price objective (up previously from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Zacks Investment Research upgraded L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 2nd. Cowen reiterated a “buy” rating and issued a $190.00 price objective on shares of L-3 Communications in a research report on Monday, September 18th. ValuEngine upgraded L-3 Communications from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Drexel Hamilton upgraded L-3 Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $194.20.
Shares of L-3 Communications (NYSE LLL) traded down $0.41 during mid-day trading on Wednesday, hitting $194.64. The company’s stock had a trading volume of 770,198 shares, compared to its average volume of 553,100. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. L-3 Communications has a 52 week low of $143.54 and a 52 week high of $199.97. The company has a market cap of $15,076.75, a P/E ratio of 22.38, a P/E/G ratio of 3.84 and a beta of 1.19.
In other news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 67,639 shares of company stock valued at $12,818,253. 2.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Visionary Asset Management Inc. acquired a new position in shares of L-3 Communications in the 3rd quarter worth approximately $229,000. Public Employees Retirement System of Ohio increased its holdings in L-3 Communications by 4.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,624 shares of the aerospace company’s stock valued at $8,220,000 after purchasing an additional 1,898 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in L-3 Communications during the 3rd quarter valued at $229,000. Stonebridge Capital Advisors LLC acquired a new stake in L-3 Communications during the 3rd quarter valued at $1,598,000. Finally, Parallel Advisors LLC increased its holdings in L-3 Communications by 56.5% during the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after purchasing an additional 347 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Stifel Nicolaus Reaffirms “Hold” Rating for L-3 Communications (LLL)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/07/stifel-nicolaus-reaffirms-hold-rating-for-l-3-communications-lll.html.
L-3 Communications 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.
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.