Stifel Nicolaus Lowers L-3 Communications Holdings, Inc. (LLL) Price Target to $175.00
L-3 Communications Holdings, Inc. (NYSE:LLL) had its price target dropped by analysts at Stifel Nicolaus from $195.00 to $175.00 in a report issued on Monday. The brokerage currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target points to a potential downside of 5.96% from the company’s previous close.
LLL has been the topic of several other research reports. Cowen and Company reiterated a “buy” rating and set a $190.00 price target on shares of L-3 Communications Holdings in a report on Monday, August 14th. Jefferies Group LLC reiterated a “hold” rating and set a $175.00 price target on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and lifted their price target for the stock from $195.00 to $204.00 in a report on Monday, August 7th. ValuEngine lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of L-3 Communications Holdings in a report on Sunday, October 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. L-3 Communications Holdings presently has an average rating of “Hold” and an average target price of $192.50.
L-3 Communications Holdings (NYSE LLL) opened at 186.10 on Monday. The firm’s 50-day moving average is $186.23 and its 200-day moving average is $174.23. The company has a market cap of $14.56 billion, a PE ratio of 20.98 and a beta of 1.15. L-3 Communications Holdings has a 52-week low of $132.38 and a 52-week high of $192.00.
L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. On average, equities research analysts anticipate that L-3 Communications Holdings will post $8.84 EPS for the current year.
In related news, Director Claude R. Canizares sold 2,981 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total transaction of $541,588.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock valued at $13,649,909 over the last three months. Corporate insiders own 2.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new stake in shares of L-3 Communications Holdings during the 2nd quarter worth about $100,000. Parallel Advisors LLC increased its position in shares of L-3 Communications Holdings by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 27 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of L-3 Communications Holdings by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 332 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of L-3 Communications Holdings during the 1st quarter worth about $115,000. Finally, FNY Managed Accounts LLC acquired a new stake in shares of L-3 Communications Holdings during the 1st quarter worth about $141,000. 79.08% of the stock is owned by hedge funds and other institutional investors.
About L-3 Communications Holdings
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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