L3 Technologies Inc (LLL) Given Consensus Recommendation of “Buy” by Brokerages

L3 Technologies Inc (NYSE:LLL) has earned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $215.30.

LLL has been the subject of several recent analyst reports. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. SunTrust Banks raised their price objective on shares of L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Credit Suisse Group reaffirmed an “outperform” rating on shares of L3 Technologies in a report on Thursday, December 7th. Royal Bank of Canada set a $202.00 price objective on shares of L3 Technologies and gave the stock a “hold” rating in a report on Wednesday, November 15th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $215.00 price objective on shares of L3 Technologies in a report on Wednesday, December 6th.

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In related news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $202.35, for a total value of $7,995,860.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Azmon sold 1,772 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $203.82, for a total transaction of $361,169.04. The disclosure for this sale can be found here. In the last three months, insiders sold 396,922 shares of company stock valued at $82,461,880. 2.90% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in L3 Technologies during the 4th quarter worth $107,000. Certified Advisory Corp acquired a new stake in L3 Technologies during the 4th quarter worth $128,000. Invictus RG acquired a new stake in L3 Technologies during the 3rd quarter worth $135,000. NewSquare Capital LLC grew its holdings in L3 Technologies by 2,510.7% during the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock worth $145,000 after acquiring an additional 703 shares during the period. Finally, Kings Point Capital Management acquired a new stake in L3 Technologies during the 4th quarter worth $158,000. 78.93% of the stock is owned by institutional investors and hedge funds.

Shares of L3 Technologies (NYSE:LLL) opened at $210.40 on Friday. The firm has a market cap of $16,440.00, a P/E ratio of 24.81, a PEG ratio of 2.60 and a beta of 1.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.71 and a current ratio of 1.87. L3 Technologies has a fifty-two week low of $159.43 and a fifty-two week high of $218.71.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.05. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.55 billion. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $2.38 earnings per share. equities research analysts forecast that L3 Technologies will post 9.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. L3 Technologies’s dividend payout ratio (DPR) is currently 37.74%.

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L3 Technologies 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.

Analyst Recommendations for L3 Technologies (NYSE:LLL)

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