L-3 Communications (NYSE:LLL)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a report issued on Thursday.
Several other research analysts also recently commented on the company. Stifel Nicolaus raised their price objective on L-3 Communications from $195.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, October 2nd. Bank of America raised their price objective on L-3 Communications from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating on shares of L-3 Communications in a report on Sunday, October 8th. Finally, SunTrust Banks initiated coverage on L-3 Communications in a report on Monday, November 20th. They set a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. L-3 Communications currently has an average rating of “Buy” and a consensus target price of $198.36.
Shares of L-3 Communications (NYSE LLL) opened at $193.85 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. L-3 Communications has a fifty-two week low of $143.54 and a fifty-two week high of $199.97. The firm has a market capitalization of $15,030.00, a P/E ratio of 22.58, a PEG ratio of 3.87 and a beta of 1.19.
In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total transaction of $4,202,760.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 67,639 shares of company stock worth $12,818,253 over the last 90 days. 2.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC bought a new stake in L-3 Communications during the 2nd quarter valued at $100,000. Bronfman E.L. Rothschild L.P. boosted its position in L-3 Communications by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 332 shares in the last quarter. Invictus RG bought a new stake in L-3 Communications during the 3rd quarter valued at $135,000. Parallel Advisors LLC boosted its position in L-3 Communications by 56.5% during the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 347 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in L-3 Communications by 53.8% during the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock valued at $190,000 after acquiring an additional 354 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.
About L-3 Communications
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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