L-3 Communications (LLL) Earns “Outperform” Rating from Credit Suisse Group

L-3 Communications (NYSE:LLL)‘s stock had its “outperform” rating reiterated by Credit Suisse Group in a report released on Thursday.

Several other analysts also recently commented on LLL. Royal Bank Of Canada upgraded shares of L-3 Communications from a “sector perform” rating to an “outperform” rating and set a $159.00 target price for the company in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $215.00 target price on shares of L-3 Communications in a research note on Wednesday. Citigroup lifted their target price on shares of L-3 Communications to $230.00 and gave the stock a “buy” rating in a research note on Thursday. Cowen reiterated a “buy” rating and issued a $200.00 target price (up previously from $190.00) on shares of L-3 Communications in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $197.45.

Shares of L-3 Communications (NYSE:LLL) opened at $194.64 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. L-3 Communications has a 52 week low of $143.54 and a 52 week high of $199.97. The stock has a market cap of $15,241.63, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.88 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. L-3 Communications’s revenue was up 5.6% compared to the same quarter last year. equities research analysts anticipate that L-3 Communications will post 8.92 earnings per share for the current fiscal year.

In other news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 67,639 shares of company stock worth $12,818,253. Insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of LLL. Guyasuta Investment Advisors Inc. grew its position in shares of L-3 Communications by 0.8% in the second quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock valued at $23,825,000 after purchasing an additional 1,199 shares during the period. Commonwealth Bank of Australia lifted its position in shares of L-3 Communications by 7,891.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,836 shares of the aerospace company’s stock valued at $639,000 after acquiring an additional 3,788 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of L-3 Communications by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock valued at $147,381,000 after acquiring an additional 22,463 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of L-3 Communications by 103.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 171,201 shares of the aerospace company’s stock worth $28,605,000 after acquiring an additional 87,195 shares during the last quarter. Finally, Royal Bank of Canada increased its position in L-3 Communications by 102.8% during the second quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after buying an additional 29,845 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

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L-3 Communications Company Profile

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.

Analyst Recommendations for L-3 Communications (NYSE:LLL)

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