L3 Technologies (LLL) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of L3 Technologies (NYSE:LLL) from a hold rating to a buy rating in a research report released on Tuesday morning.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered L3 Technologies from a buy rating to a hold rating in a research report on Tuesday, September 11th. UBS Group assumed coverage on L3 Technologies in a research report on Wednesday, August 15th. They issued a neutral rating and a $230.00 target price on the stock. Vertical Research raised L3 Technologies from a hold rating to a buy rating in a research report on Monday, October 15th. Citigroup upped their target price 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, Credit Suisse Group upped their target price on L3 Technologies from $238.00 to $272.00 and gave the stock an outperform rating in a research report on Monday, October 15th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $241.27.

Shares of L3 Technologies stock opened at $215.23 on Tuesday. The stock has a market capitalization of $17.24 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49. L3 Technologies has a 1 year low of $180.24 and a 1 year high of $223.73.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.46. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. On average, research analysts forecast that L3 Technologies will post 10.31 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC increased its holdings in shares of L3 Technologies by 1.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 24,330 shares of the aerospace company’s stock valued at $4,679,000 after acquiring an additional 238 shares during the last quarter. Hudson Capital Management LLC increased its holdings in shares of L3 Technologies by 13.2% during the 3rd quarter. Hudson Capital Management LLC now owns 2,465 shares of the aerospace company’s stock valued at $524,000 after acquiring an additional 287 shares during the last quarter. Northstar Asset Management LLC increased its holdings in shares of L3 Technologies by 3.1% during the 2nd quarter. Northstar Asset Management LLC now owns 10,000 shares of the aerospace company’s stock valued at $1,923,000 after acquiring an additional 300 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of L3 Technologies by 4.2% during the 2nd quarter. CIBC Asset Management Inc now owns 7,533 shares of the aerospace company’s stock valued at $1,449,000 after acquiring an additional 306 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of L3 Technologies by 6.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,353 shares of the aerospace company’s stock valued at $1,030,000 after acquiring an additional 313 shares during the last quarter. 81.26% of the stock is currently owned by 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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