L3 Technologies (LLL) Price Target Lowered to $205.00 at Citigroup

L3 Technologies (NYSE:LLL) had its price target lowered by equities researchers at Citigroup from $224.00 to $205.00 in a report issued on Monday. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup‘s price target points to a potential upside of 16.77% from the stock’s current price.

LLL has been the subject of several other reports. Credit Suisse Group upped 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. JPMorgan Chase & Co. downgraded 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. Vertical Research upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 15th. Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a research note on Monday, October 1st. Finally, Barclays dropped their price target on L3 Technologies from $274.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, December 4th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. L3 Technologies presently has a consensus rating of “Buy” and an average price target of $232.92.

LLL stock traded down $0.02 during midday trading on Monday, hitting $175.56. The company’s stock had a trading volume of 8,214 shares, compared to its average volume of 690,646. L3 Technologies has a 12 month low of $158.76 and a 12 month high of $223.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.96 and a quick ratio of 1.56. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.60 and a beta of 1.16.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.85. L3 Technologies had a return on equity of 14.71% and a net margin of 10.64%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that L3 Technologies will post 10.33 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. IMS Capital Management bought a new position in shares of L3 Technologies during the 3rd quarter valued at approximately $43,000. Honkamp Krueger Financial Services Inc. bought a new stake in L3 Technologies in the third quarter worth $122,000. Point72 Hong Kong Ltd lifted its position in L3 Technologies by 2,067.9% in the third quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock worth $129,000 after buying an additional 579 shares during the last quarter. NEXT Financial Group Inc bought a new stake in L3 Technologies in the third quarter worth $134,000. Finally, Belpointe Asset Management LLC bought a new stake in L3 Technologies in the third quarter worth $138,000. Hedge funds and other institutional investors own 79.97% of the company’s stock.

About L3 Technologies

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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