SunTrust Banks Initiates Coverage on L3Harris (NYSE:LHX)

SunTrust Banks initiated coverage on shares of L3Harris (NYSE:LHX) in a research note issued to investors on Friday, Automated Import reports. The brokerage issued a buy rating and a $220.00 price target on the stock.

A number of other research firms have also recently commented on LHX. Vertical Research began coverage on shares of L3Harris in a research report on Wednesday, July 3rd. They set a buy rating and a $204.70 target price for the company. Goldman Sachs Group set a €149.00 ($173.26) target price on shares of Airbus and gave the company a buy rating in a research report on Tuesday, July 9th.

NYSE:LHX opened at $194.91 on Friday. L3Harris has a 52 week low of $123.24 and a 52 week high of $200.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.42 and a quick ratio of 1.15. The company has a market cap of $22.85 billion, a P/E ratio of 29.99, a PEG ratio of 2.69 and a beta of 0.98.

L3Harris (NYSE:LHX) last posted its earnings results on Wednesday, May 1st. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.07. L3Harris had a net margin of 13.60% and a return on equity of 27.13%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. As a group, equities analysts anticipate that L3Harris will post 8.15 EPS for the current fiscal year.

L3Harris Company Profile

L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.

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