L3 Technologies Inc (NYSE:LLL) – Equities research analysts at SunTrust Banks decreased their FY2018 earnings estimates for shares of L3 Technologies in a research note issued on Monday, January 21st. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $10.35 per share for the year, down from their prior estimate of $10.47. SunTrust Banks has a “Buy” rating and a $268.00 price target on the stock. SunTrust Banks also issued estimates for L3 Technologies’ Q4 2018 earnings at $2.69 EPS, FY2019 earnings at $11.46 EPS and FY2020 earnings at $13.15 EPS.
A number of other equities analysts have also recently weighed in on LLL. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research note on Monday, October 1st. Vertical Research raised L3 Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 15th. Credit Suisse Group lifted their price target on L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a research note on Monday, October 15th. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. cut L3 Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $245.00 to $240.00 in a research note on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. L3 Technologies has an average rating of “Buy” and an average price target of $228.55.
Shares of LLL opened at $182.49 on Tuesday. The stock has a market capitalization of $14.42 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.71 and a beta of 1.16. L3 Technologies has a 1-year low of $158.76 and a 1-year high of $223.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.56 and a current ratio of 1.96.
A number of large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank bought a new stake in shares of L3 Technologies in the 3rd quarter valued at approximately $1,208,000. Three Peaks Capital Management LLC grew its stake in shares of L3 Technologies by 19.3% in the 3rd quarter. Three Peaks Capital Management LLC now owns 13,553 shares of the aerospace company’s stock valued at $2,882,000 after buying an additional 2,195 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of L3 Technologies by 45.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,638 shares of the aerospace company’s stock valued at $5,026,000 after buying an additional 7,378 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of L3 Technologies by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,734,137 shares of the aerospace company’s stock valued at $1,857,051,000 after buying an additional 96,559 shares in the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in shares of L3 Technologies in the 3rd quarter valued at approximately $1,177,000. 79.81% of the stock is currently owned by institutional investors.
L3 Technologies Company Profile
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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