L-3 Communications Holdings, Inc. (NYSE:LLL)‘s stock had its “hold” rating reiterated by equities research analysts at Royal Bank Of Canada in a research note issued on Friday. They presently have a $182.00 price objective on the aerospace company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 0.11% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Cowen and Company reissued a “buy” rating and issued a $185.00 target price on shares of L-3 Communications Holdings in a research note on Thursday, July 20th. ValuEngine raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Friday. Drexel Hamilton raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) raised shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their target price for the company from $195.00 to $204.00 in a research note on Monday, August 7th. Finally, Zacks Investment Research cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $182.91.

Shares of L-3 Communications Holdings (NYSE LLL) opened at 182.20 on Friday. The company’s 50 day moving average is $178.06 and its 200 day moving average is $170.25. L-3 Communications Holdings has a 12-month low of $132.38 and a 12-month high of $185.12. The company has a market capitalization of $14.25 billion, a P/E ratio of 20.54 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $1.88 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.88 earnings per share for the current fiscal year.

L-3 Communications Holdings declared that its board has approved a share buyback program on Tuesday, May 9th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the aerospace company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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In other news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $173.49, for a total value of $3,911,679.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Claude R. Canizares sold 2,981 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total transaction of $541,588.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,075 shares of company stock valued at $9,165,311. Company insiders own 2.90% of the company’s stock.

Several large investors have recently made changes to their positions in LLL. BlackRock Inc. boosted its stake in shares of L-3 Communications Holdings by 3,351.1% in the first quarter. BlackRock Inc. now owns 5,420,436 shares of the aerospace company’s stock worth $895,943,000 after buying an additional 5,263,373 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of L-3 Communications Holdings by 171,452.7% in the first quarter. Alliancebernstein L.P. now owns 2,319,392 shares of the aerospace company’s stock worth $383,372,000 after buying an additional 2,318,040 shares during the last quarter. Boston Partners boosted its stake in shares of L-3 Communications Holdings by 1,210.5% in the first quarter. Boston Partners now owns 1,170,837 shares of the aerospace company’s stock worth $193,527,000 after buying an additional 1,081,494 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of L-3 Communications Holdings by 23,683.0% in the first quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company’s stock worth $118,522,000 after buying an additional 714,042 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of L-3 Communications Holdings by 7,291.5% in the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock worth $119,840,000 after buying an additional 707,566 shares during the last quarter. 79.13% of the stock is owned by institutional investors.

About L-3 Communications Holdings

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 Holdings (NYSE:LLL)

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