L3 Technologies (LLL) Given New $268.00 Price Target at SunTrust Banks

L3 Technologies (NYSE:LLL) had its price target boosted by SunTrust Banks to $268.00 in a research note published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the aerospace company’s stock. SunTrust Banks also issued estimates for L3 Technologies’ Q3 2018 earnings at $2.85 EPS, Q4 2018 earnings at $2.82 EPS, FY2018 earnings at $10.64 EPS, FY2018 earnings at $10.47 EPS, Q2 2019 earnings at $2.83 EPS, Q3 2019 earnings at $2.87 EPS, Q4 2019 earnings at $3.34 EPS, FY2020 earnings at $13.26 EPS and FY2021 earnings at $15.04 EPS.

Several other research firms have also recently weighed in on LLL. Credit Suisse Group upped their price objective on L3 Technologies from $238.00 to $272.00 and gave the stock an outperform rating in a research report on Monday, October 15th. ValuEngine raised L3 Technologies from a hold rating to a buy rating in a research report on Tuesday. 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 report on Monday, October 1st. Citigroup upped their price objective on L3 Technologies from $240.00 to $250.00 and gave the stock a buy rating in a research report on Monday, July 30th. Finally, UBS Group began coverage on L3 Technologies in a research report on Wednesday, August 15th. They set a neutral rating and a $230.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. L3 Technologies has a consensus rating of Buy and an average target price of $241.27.

Shares of LLL stock traded down $3.00 on Tuesday, hitting $215.23. 1,127,432 shares of the stock were exchanged, compared to its average volume of 803,718. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49. The stock has a market capitalization of $17.09 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.27 and a beta of 1.23. L3 Technologies has a fifty-two week low of $180.24 and a fifty-two week high of $223.73.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.46. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. L3 Technologies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities analysts expect that L3 Technologies will post 10.35 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LLL. Mount Yale Investment Advisors LLC acquired a new position in L3 Technologies during the first quarter valued at approximately $113,000. NEXT Financial Group Inc acquired a new position in L3 Technologies during the third quarter valued at approximately $134,000. Cornerstone Wealth Management LLC acquired a new position in L3 Technologies during the second quarter valued at approximately $166,000. Piedmont Investment Advisors LLC acquired a new position in L3 Technologies during the second quarter valued at approximately $177,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in L3 Technologies by 110.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 491 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

About L3 Technologies

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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