Stifel Nicolaus Reiterates “Hold” Rating for L-3 Communications (LLL)

L-3 Communications (NYSE:LLL)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a research note issued to investors on Wednesday. They currently have a $215.00 target price on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.04% from the company’s current price.

A number of other equities research analysts have also issued reports on LLL. Deutsche Bank reaffirmed a “buy” rating and set a $205.00 target price (up from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Zacks Investment Research raised L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, October 2nd. Cowen reaffirmed a “buy” rating and set a $190.00 target price on shares of L-3 Communications in a research report on Monday, September 18th. ValuEngine raised L-3 Communications from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Drexel Hamilton raised L-3 Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Seven equities 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $198.36.

Shares of L-3 Communications (NYSE LLL) opened at $193.62 on Wednesday. L-3 Communications has a 12 month low of $143.54 and a 12 month high of $199.97. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15,241.63, a price-to-earnings ratio of 22.63, a PEG ratio of 3.88 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts forecast 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 L-3 Communications stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total transaction of $4,190,810.89. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 67,639 shares of company stock worth $12,818,253 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of LLL. Acrospire Investment Management LLC purchased a new position in shares of L-3 Communications during the second quarter valued at $100,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of L-3 Communications by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after buying an additional 332 shares in the last quarter. Invictus RG purchased a new position in shares of L-3 Communications during the third quarter valued at $135,000. San Francisco Sentry Investment Group CA purchased a new position in shares of L-3 Communications during the second quarter valued at $171,000. Finally, Parallel Advisors LLC grew its holdings in shares of L-3 Communications by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after buying an additional 347 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

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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.

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

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