L3 Technologies (NYSE:LLL) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

LLL has been the topic of a number of other reports. Credit Suisse Group dropped their price target on L3 Technologies from $244.00 to $218.00 and set an “outperform” rating on the stock in a report on Tuesday, May 22nd. Cowen reiterated a “buy” rating and set a $225.00 price target on shares of L3 Technologies in a report on Tuesday, July 3rd. Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a report on Monday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a $220.00 price target on shares of L3 Technologies in a report on Wednesday, July 11th. Finally, UBS Group started coverage on L3 Technologies in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $230.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $234.08.

L3 Technologies stock traded down $2.29 during mid-day trading on Tuesday, reaching $211.43. The stock had a trading volume of 377,100 shares, compared to its average volume of 673,404. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. L3 Technologies has a fifty-two week low of $180.20 and a fifty-two week high of $218.71. The stock has a market capitalization of $16.74 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Thursday, July 26th. The aerospace company reported $2.47 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.17. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.49 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. L3 Technologies’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $2.54 earnings per share. research analysts forecast that L3 Technologies will post 10.02 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC purchased a new position in shares of L3 Technologies in the first quarter valued at $113,000. Institutional & Family Asset Management LLC purchased a new position in shares of L3 Technologies in the first quarter valued at $129,000. Cornerstone Wealth Management LLC purchased a new position in shares of L3 Technologies in the second quarter valued at $166,000. Piedmont Investment Advisors LLC purchased a new position in shares of L3 Technologies in the second quarter valued at $177,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of L3 Technologies by 110.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 81.80% 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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Analyst Recommendations for L3 Technologies (NYSE:LLL)

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