L-3 Communications Holdings (NYSE:LLL)‘s stock had its “neutral” rating restated by Zacks in a report issued on Monday, ARN reports. They currently have a $99.00 price target on the stock. Zacks‘ price objective suggests a potential upside of 5.04% from the stock’s previous close.
Zacks‘ analyst wrote, “L-3 Communications posted strong second quarter results with earnings and revenue beating the Zacks Consensus Estimate. Revenue was up year over year on strong international sales with earnings gaining on a lower share count. Over the longer run, we view the company as one of the best-positioned pure defense players based on its non-platform focus, broad diversification of programs and its focus on shareholder value. Given its first half performance, we view the lowered guidance as conservative. However, negative offsets include the loss of key contracts, defense spending cuts and the lack of near-term catalysts. Thus we advise investors to remain on the sidelines for now until the ongoing macro headwinds subside. We maintain our Neutral recommendation on the stock. “
Shares of L-3 Communications Holdings (NYSE:LLL) traded up 1.72% during mid-day trading on Monday, hitting $95.87. The stock had a trading volume of 167,888 shares. L-3 Communications Holdings has a one year low of $71.37 and a one year high of $94.75. The stock’s 50-day moving average is $92.35 and its 200-day moving average is $85.87. The company has a market cap of $8.589 billion and a P/E ratio of 11.28.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.93 by $0.10. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company posted $2.03 earnings per share. L-3 Communications Holdings’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that L-3 Communications Holdings will post $8.13 EPS for the current fiscal year.
A number of other firms have also recently commented on LLL. Analysts at RBC Capital raised their price target on shares of L-3 Communications Holdings (NYSE:LLL) from $77.00 to $83.00 in a research note to investors on Friday, July 26th. They now have an “underperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of L-3 Communications Holdings (NYSE:LLL) from $85.00 to $90.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Finally, analysts at Merrill Lynch upgraded shares of L-3 Communications Holdings (NYSE:LLL) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, July 26th.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. L-3 Communications Holdings has a consensus rating of “Hold” and a consensus target price of $86.82.
L-3 Communications Holdings, Inc (NYSE:LLL) is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.
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